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KBB overvalues vehicles
Last week, I bought the wifey a new X5. I found a leftover 2011 Sport with a Diesel engine in a color the wife loved. KBB estimated our X5 was worth around 8K. They would only give us $6K in trade.
So this week I'm playing around and KBB claims my 2010 F250 is worth $41-42K. Wow! That sounds amazing. So I fire up a bunch of different options for a 2012 F250 with the more fuel efficient engine. If I really can get $41K for mt F250, this is a done deal. Costo is Dealer Invoice minus $100. This plus all of the dealer incentives add to about $10K off the MSRP. Not too shabby. Not as good as the 2010 as a left over, but still decent.
2 dealerships estimate the car comes in at $37K for trade. Is KBB that far off, or am I being screwed? This is a 10-15% difference between KBB trade in value and dealer. And I even picked 2nd from the top condition, not "perfect" condition.
Kaisen, can you do magic on an F250 Diesel Lariat with Ultimate package in Blue?
If I sell the vehicle myself, the taxes in TTL go from $825 to $4200. So that s basically out...
Ideas?
__________________
James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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