Blue Book Values

[RedheadRado]

Lately I've been seeing to many people paying/asking way to much for cars. I hate to see people taken advantage of.

Kelly Blue Book has a very easy to use and mostly accurate site that will evaluate cars 1994 to Present. http://www.kbb.com

National Automobile Dealer Association also has a good site for older cars. Plus they will tell you what it originally sold for. http://www.nada.com

If the car is stock or mostly stock.
Please do your research before you buy or sell.

Modded cars are always different. Remember you'll be lucky to get 10 to 20% back out of any mods. i.e. you spend a grand on coilovers , it will only increase the value of the car $100-200, if that.
Research is only the beginning, before you buy a modded car. You don not want to pay for someone's headache.

Buyers and sellers be careful. No one like getting screwed.

[zuhaelter_82]

Kenny W. and I were just talking about how crazy some people are. People are asking $2,500 for a early MKIV with 250k on it

Then we get into MKI prices...

[theFunkiness]

And MKII prices! Even with my maintenence/mods, I wouldn't ask for anywhere near what people are asking for their MKII's.

[ducatipaso]

however, I would not take any less than $5000 for my truck. I'm crazy!
NADA says high price is $4k and there's no option to upcharge for diesel.

[RedheadRado]

however, I would not take any less than $5000 for my truck. I'm crazy!
NADA says high price is $4k and there's no option to upcharge for diesel.

That is the down side of the NADA guide, no customization. It is a good baseline tho. NADA says my Corrado with 12k on it is only worth 8K. and new it was 22.5. New according to my window sticker was 26.5.
Yet, my Rabbit deluxe is worth over 6k, if it was prestine and running.

[RedheadRado]

Kenny W. and I were just talking about how crazy some people are. People are asking $2,500 for a early MKIV with 250k on it

I think people are forgetting that the mk4 is 10-15 years old. Where cars have NO value.
My MK3 GTI is worth more than a MK4, in the same condition.

[400HPA4]

A cars resale value is what somebody is willing to pay for it...

Blue Book (how much the bank will loan) does not really mean anything, neither does the NADA (how much a dealer will pay you for trade in).

The most realistic way to assess the value of a car is to do a comp on what something similar has sold for, if there is nothing similar then all bets are off.

[400HPA4]

Kenny W. and I were just talking about how crazy some people are. People are asking $2,500 for a early MKIV with 250k on it

Then we get into MKI prices...

If the MK4 has had all of the service completed, than $2.5K is reasonable for 250K miles, the car will provide 2 full years and 50K miles of error free service.

Trouble is that every three years you will need to invest $2.5k in service unless you do it yourself.

[5doorGLS]

A cars resale value is what somebody is willing to pay for it...

Blue Book (how much the bank will loan) does not really mean anything, neither does the NADA (how much a dealer will pay you for trade in).

The most realistic way to assess the value of a car is to do a comp on what something similar has sold for, if there is nothing similar then all bets are off.

Yep!

[my02vr6]

Not Bad