Price to pay vs. NADA
If used 17-yr-old TC shows $9k on NADA... for one in great condition as far as looks go (appears to have not been used much at all), would you pay NADA or how much less? To get a good deal.
Forum Discussion
- Seems it'd been really, really, really easy to have sold it yourself for lots more than $4000!!!
Heck I'd have given you more sight unseen if it ran and wasn't wrecked. - NADA gave my 2007 F350 dually a $10,200 trade-in.
Dealer paid me $4000.
Enough said. - NADA is what banks use to determine loan amounts. While NADA may provide some data to be used to determine value, realistic asking/selling prices are best determined by comparison shopping.
DutchmenSport wrote:
Depends if you are the seller or the buyer. If seller, the eye of the beholder always has more financial emotion than the eye of the buyer.
If you are the buyer and the selling price seems to high, then negotiate whatever you think is a price you are willing to offer. If seller, put the price you want out of it and be happy.
Regardless of NADA or any other price listings, the bottom dollar really is, the real value is only what the buyer is willing to pay.
Exactly. n d remember...s sows ear can never be a silk purse.- If you are looking at the full resale price in the book and not the trade-in value that is usually high. What the dealer would price it at hoping a non-negotiating sucker would come along and pay full sticker price. If I'm the seller I'm happy to get somewhere between trade value and full resale. But all those are just guidelines to go buy. Really it's worth what a buyer will pay.
- Over the years I found all those estimating sites to be biased.
In few minutes you can compare yourself using ebay or local craigslits.
Let's say you find Mercedes MY that kbb or NADA values at $10,000.
Few minute search will reveal that you won't find such model for less thatn $12-15,000.
Do the same with Chevrolet or Ford car.
The $10k valued cars can be have whole day long for $8000 or less.
Campers are rare, so the value is tricky, but I usually go on ebay and do "sold" search. - NADA gives you a very rough ballpark idea but it's hardly definitive.
Look at online ads for similar rigs to get a better idea of the current market.
In the end, decide what you are willing to spend.
$9k for a 17yr old camper seems a bit high but I haven't been pricing up this specific model. - Depends if you are the seller or the buyer. If seller, the eye of the beholder always has more financial emotion than the eye of the buyer.
If you are the buyer and the selling price seems to high, then negotiate whatever you think is a price you are willing to offer. If seller, put the price you want out of it and be happy.
Regardless of NADA or any other price listings, the bottom dollar really is, the real value is only what the buyer is willing to pay. - I find my old rig on NADA to be listed about 20% more than I feel I could get for it
