Notices
997 Forum 2005-2012
Sponsored by:
Sponsored by:

Kelly BB too low?

Thread Tools
 
Search this Thread
 
Old 07-31-2009, 01:01 PM
  #1  
vman4639
Instructor
Thread Starter
 
vman4639's Avatar
 
Join Date: Dec 2007
Posts: 145
Received 11 Likes on 6 Posts
Default Kelly BB too low?

I am looking at an '08 C2 (4,500 miles) at a local dealer:
- Bose
- Xenon
- PSE
- Sport Chrono
- Nav

Otherwise stock. Asking price is $74k.

Now I know that is too high, so I looked around to compare prices (cars.com, autotrader, etc) and thought I would try Kelly Blue Book.

The retail price ("what a dealer would ask PRIOR to negotiations") was $57,595. That seems low.

KBB did not have an option for Sports Chrono or PSE, so let's round up to $60K.

For an '08 with 4,500 miles this seems low as a starting point. Is KBB below the market, or am I the one that is off?
Old 07-31-2009, 01:24 PM
  #2  
Rob in WA
Cap'n Insane the Engorged
Lifetime Rennlist
Member
 
Rob in WA's Avatar
 
Join Date: Apr 2002
Location: Where Mountains Meet the Sea
Posts: 10,449
Received 3 Likes on 2 Posts
Default

Typically KBB is high

NADA - mid

and

Edmunds - low
Old 07-31-2009, 02:15 PM
  #3  
Ucube
Three Wheelin'
 
Ucube's Avatar
 
Join Date: Mar 2004
Posts: 1,539
Likes: 0
Received 0 Likes on 0 Posts
Default

KBB doesn't actually buy/sell cars, so why even bother with their info?
Old 07-31-2009, 02:20 PM
  #4  
steph280
Instructor
 
steph280's Avatar
 
Join Date: May 2009
Location: So Cal
Posts: 223
Received 3 Likes on 2 Posts
Default

I also found KBB on the low side when I was shopping. Nobody within the 500mile search range had anything near their suggested dealer price. Maybe a year older will be closer to their price range.

08 C2 with above listed options should be around $60K I believe.
Old 07-31-2009, 02:34 PM
  #5  
Spiffyjiff
Rennlist Member
 
Spiffyjiff's Avatar
 
Join Date: Nov 2007
Location: Maryland
Posts: 1,402
Likes: 0
Received 9 Likes on 6 Posts
Default

yep, i posted similar thread few wks back. edmunds, NADA and one other (autotrader?? cant remember) were all close, but KBB was 10-20% too low. cant explain it...
Old 07-31-2009, 02:40 PM
  #6  
patela
Rennlist Member
 
patela's Avatar
 
Join Date: May 2007
Location: Los Angeles
Posts: 408
Likes: 0
Received 0 Likes on 0 Posts
Default

Prices do not seem to be nearly this low in my area. I looked at a local 2007 C2 with three times the mileage and fewer options that the dealer insists is a steal at the asking price of $59.95K. Most dealers around here are asking close to $60K for 06 cars, and seem unwilling to come down more than a couple thousand.

I'd love to know where one could find an 08 at that price!
Old 07-31-2009, 03:11 PM
  #7  
rvklein
Racer
 
rvklein's Avatar
 
Join Date: Sep 2003
Location: Pasadena, MD
Posts: 400
Likes: 0
Received 0 Likes on 0 Posts
Default

I'd peg that car at 65k tops.
Old 07-31-2009, 03:56 PM
  #8  
Fahrer
Three Wheelin'
 
Fahrer's Avatar
 
Join Date: Jul 2007
Location: NJ
Posts: 1,647
Likes: 0
Received 90 Likes on 59 Posts
Default

I would also say about $60K. I do not know how often those books are printed. Also the number of cars available on the market seems to go up and down in waves and vary from region to region.
Old 07-31-2009, 04:31 PM
  #9  
Jetpilot
Racer
 
Jetpilot's Avatar
 
Join Date: Jun 2008
Location: Dallas, Texas
Posts: 366
Likes: 0
Received 0 Likes on 0 Posts
Default

The market is pretty wacked right now ---hence values are all over the board. It is hard to pin the right price by using an online source. Try using ebay (completed listings) and or cars.com; auto trader to get what is being asked for cars in the market. You can usually subtract 5-7K on cars that independent dealers are asking....this is usually their mark up.
Old 07-31-2009, 05:14 PM
  #10  
JoeShark
Instructor
 
JoeShark's Avatar
 
Join Date: May 2004
Location: Oregon
Posts: 202
Received 27 Likes on 15 Posts
Default

When I bought my 2008 C4S Cab a few months back from a private party, my negotiated price was right between "Good" and "Excellent" condition under "Private Party Value".

Edmunds pricing was higher.
Old 07-31-2009, 08:14 PM
  #11  
Dave07997S
Burning Brakes
 
Dave07997S's Avatar
 
Join Date: Dec 2006
Posts: 781
Likes: 0
Received 1 Like on 1 Post
Default

KBB used to be on the mid to high side. Lately though, especially for the 997 they are way low I believe. I have seen cars sell for 4-5k more than what they said it should.

Dave
Old 08-01-2009, 01:47 AM
  #12  
rijowysock
Nordschleife Master
 
rijowysock's Avatar
 
Join Date: Apr 2009
Location: The Arctic Cold
Posts: 5,718
Likes: 0
Received 9 Likes on 5 Posts
Default

kBB has been super low lately.. my 05 cab went from 48k to 39k in a week on KBB...
Old 08-01-2009, 02:06 PM
  #13  
OldGuy
Addict
Lifetime Rennlist
Member
 
OldGuy's Avatar
 
Join Date: Jun 2003
Location: Southwest Idaho
Posts: 10,465
Likes: 0
Received 41 Likes on 6 Posts
Default

I have NEVER been able to use KBB on a high end car. They have no idea of the market on these cars.
You just have to kind of get a feeling for the market. Thats easy to do on RL.



Quick Reply: Kelly BB too low?



All times are GMT -3. The time now is 12:37 PM.