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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

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  • Par
    Lv 5
    6 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

  • g
    Lv 7
    6 years ago

    KBB has been highly criticized over recent years for over valuing automobiles. Edmund's TMV is much more realistic.

  • 6 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.

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