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Why such a wide price range for private party sale?
I'm looking to buy a used Ford Ranger, I priced it as close to accurate as I could on KBB, NADA, and Edmunds TMV.
KBB says about $7,000 for fair condition, and a little over 8 grand for realy good condition.
TMV seems to be the lowballer at around $3,500 in average condition.
And NADA says between $5,600 and $7,100 trade in range, I didn't see a private party value option.
Why is there such a crazy price range between the 3? I know KBB tends to be a tad high these days, but should I just average the three so I know what to offer the guy?
3 Answers
- ParLv 56 years ago
Does it matter what a book says? No book I know of is ever going to buy a truck....
Sellers tend to think they sit on a goldmine,or the last car in the world that's for sale. Offer seller what you think it's worth. If the takes it you got a deal,if he doesn't you roll on to the next one.
Not hard at all
- gLv 76 years ago
KBB has been highly criticized over recent years for over valuing automobiles. Edmund's TMV is much more realistic.
- mccoybluesLv 76 years ago
All of these sources use different criteria to value a car. None of them are perfect, none of them are accurate and none of them offer a definitive price value.
Offer him what YOU THINK the car is worth to you.