Selling Truck-Cheap?

45Ricochet wrote:

soren wrote:
KBB Delusions: I know a family that has run an extremely well regarded used car operation since the 1970s. The son who does the buying told me that any time he has a prospective seller asking for 40-50% more than the car is worth, his first question is, "Did you get this "value" online from KBB?". Some folks let that figure get burned into their brain, and it isn't negotiable. But ever once in a while, he will have the exact same car in inventory and get the chance to walk the seller to the car and ask, "you tell me your car is worth $14K wholesale, this one newer, and has lower miles. I paid $9800 for it, I'm asking $11,900 and I'll come down a few hundred on that. I have spent a couple of hundred to get it here, service and detail it for sale. I'll sell it with a warranty and make $1500 or so. If I bought your car for $14K, I would need to sell it for $4K more than this car, would you pay that? Is KBB willing to buy your car for their figure?" KBB is a tool for unethical dealers and delusional sellers, other than that, it isn't worth wasting time on. I once bought a new Toyota pick-up, put a ton of miles on it in two years and looked up the KBB value before I sold it. They determined that, with nearly 50K on the odometer, it was worth a few hundred more than it cost me new, LOL.........right.

Your believing a " used car salesman"? If his lips were moving.... you know the rest.
Actually the largest Ram/ Dodge/ Jeep dealer in the USA takes both the KBB price ( which is generally higher) and the NADA price. They split it and that's your trade in value period. Now how they rank em as far as excellent or average is up to the dealer.
Let's just say some hold their value better than others, without mentioning brands :W

Right, the guy is obviously a thief. Clearly a determination you can make from a few thousand miles away. I guess, when he sells vehicles for their fair market value, which often ends up well below the fraudulent KBB "trade-in" number, he really is putting it to the customers, right?
Kind of like the local guys who sit on diesels, and ask 1/3 more than anybody is ever going to pay, since they looked it up in the book. Six months later it's "well I'm not going to give it away" or, "we traded it in, and got more than I was asking". Unfortunately, our boy, Chucklenutz, is too dumb to realize that his "trade in offer" came right off the MSRP, and he is strutting around like a peacock, totally unaware that he got hosed. Love all the experts out there, LOL