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does california have a recession law on used cars?
I think you'll find that they are all in line with each other. My Dad was a claims adjuster and he always perfered the NADA book.Hope this helps!
Can a car be legally repossed once you've paid 3/4 of the total amt?
Different parts of the country as well as some lenders, prefer one more than the others. The West and Southwest tend to use Kelley and Lenders and Lease companies prefer Nada because the values seem to be consistently less than the other two. Nada puts more emphasis on the condition ie., Average, Clean or very clean. These are subject to very wide interpretation by the appraiser. Go with Kelley.what do I do with an ebay buyer who won't pay?
Kelly Blue Book is used the most in the auto industryThe most used for a trade-in by auto dealers is Edmunds. Although I haven't gotten up the guts to say it to most customers, the inflated numbers from Kelly Blue Book make me want to tell folks to go see if KBB will write them a check for the amount they say, as no dealer will put that kind of money on it. NADA is used mostly by banks and lending institutions to determine loan value, but they put huge numbers on cars and trucks as well.
What is the best way to get out from a car note that is way over the amount of the car?
I regularly tell people to go to Edmunds.com, print out what it says, and bear in mind that NO delership puts extra clean money on a trade straight out. It might look like it on paper, but that's making up the difference off the price of the new.
If you go to a dealership with printouts from all three, that will probably put you in the best position, as the most common question to a customer is "how do you justify that the vehicle is worth (x ammount) ?", and having done your homework, you'll be in a position to negotiate much better.
As far as selling a car yourself, most people outside of the industry use KBB, as it's the only site they know, so that's where I'd get my numbers for retail, as they're higher, but I still wouldn't expect to get full retail for whatever you sell, and I certainly wouldn't pay it for a car I was buying for myself.
In 2007 which car will be most economical to buy?
Good Luck!
How come they stopped putting ashtrays in with basic car features?
nadaWhat is better, buy or lease a car?
You're going to get very mixed reviews on this because as stated, each region uses different books as baselines for wholesale and retail values.How can you compare between Nissan Altima (2007) and Toyota Camry (2007)?
I'm in the Southwest region and here is what I can tell you about our region. 80% of all dealers and appraisers, including myself, use the black book. It's a weekly publication that is dead on with the southwest region's auction market! Kelley Blue Book is the closest in our region to these numbers. However, Kelley is updated bi-monthly, so there are some differences between KBB and the Black Book, since the Black Book is published weekly. For our region, Black Book is ALWAYS accurate because its information is tallied from actual sales in the region from the past week.
NADA is what the banks and the insurance companies use. It's usually quite a bit higher than the Black Book or KBB. I will tell you when the west coast buyers show up at our regional auctions, they'll often have a NADA book, telling me they buy off NADA. That really adds an interesting mix to the sale!
Looking to buy a 2001 Infiniti G20, any thing I should know about this car before hand?
I can't tell you much about Edmunds. Most of our customers use NADA and KBB as their resources. Yet, again, we use the black book.
I m looking to buy a new car in 2007?
Here's a fact. No matter what region you're in, most all the dealers are using the same source for their wholesale values. They have to be consistent or they could not stay in business. So, if you go ten dealerships, and see ten different values for your vehicle, the differences are almost ALWAYS in the amount of "over allowance" the dealer is showing you (dealers very often will show discounts in the form of overallowance). So, take the promise of buying their car out of the picture, and return to those ten dealerships and ask them to buy your car outright, they'll generally all be within a couple of hundred dollars of one another.
Buying A Car, need help on Tax/Title/Ect...Tennessee?
If you see the appraiser pulling out a black book (hence the name), when they appraise your car, then look at KBB for the closest estimate to your actual value. If they pull a yellow book (NADA), go to NADA's website for such values.
What steps are required to import to Canada (Ontario) a new automobile purchased in the U.S.?
Good luck, I hope this helps you some.
Honda Civic or Toyota Corrola? which one?
In the midwest NADA. I work for a dealership and KBB is always too high. One thing people get confused a lot on is you cannot expect to get "retail" or "very clean" for your trade-in, and pay "wholesale" or "trade" for the car you are buying. If you want retail for your trade, expect to pay close to retail for the car you are buying. If you want to pay wholesale or invoice price for your new car, expect wholesale for your trade.The get more for your trade you should also make sure it is as clean as can be when you bring it to the dealership - any dents, burns, cracks, etc make the trade less valuable.
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