Paying over blue book?

[OILFIELDTRASH]

Can't seem to find much of anything even at blue book. I did find a vehicle I liked but he wants at least a grand over book value. Is it ever okay to go over book value?

 

[Ben90]

I paid about 5 times blue book for my car. If you like the vehicle and think its a fair price for what condition it is in, of course its okay to go over blue book.

 

[OILFIELDTRASH]

I paid about 5 times blue book for my car. If you like the vehicle and think its a fair price for what condition it is in, of course its okay to go over blue book.

Im not talking about old cars. Shoot my 90 mustang probably has a book value of $500.

 

[Throckmorton]

What cars are you talking about?

If it's worth $1000 more, pay $1000 more

 

[halik]

Sandy effect maybe? Certain cars always trade over book - Nissan 300zx, Toyota Supra etc.

 

[Ryan]

When I look at cars - here is what I use to determine value:
Kelly Blue Book
Edmunds
NADA

I take an average of all three - that's my offer.

 

[NutBucket]

Totally car dependent. I could care less about what the book says. What are these cars actually selling for?

 

[Lemon law]

Go ahead, pay over blue book. But if some drunk driver or other idiot totals your car and the accident is all their fault, all you get back from the insurance company is blue book at best.

 

[kitatech]

Depends on the car and who's selling it.

...a dealer selling a "rare" car that has few interested buyers may sell it for trade-in value to get it off the lot...whereas a private party selling the same car may advertize that "rare" car as "hard-to-find" and demand MORE than retail value...

Whether it's worth it is up to you...and how badly you want it...

 

[Zivic]

like has been stated, it depends on the car. I usually use NADA to value a vehicle, because that is what I find is used by insurance companies to value vehicles. You also have to factor in, these valuations are just a guide and when buying a used vehicle, it is a case by case basis.

so in short, yes, I would pay over blue book depending on the situation

 

[Spades45]

I don't know, I've always paid below Blue Book. It's extremely hard to find a car in KBB's (or mine) definition of Excellent condition.

 

[Zenmervolt]

Go ahead, pay over blue book. But if some drunk driver or other idiot totals your car and the accident is all their fault, all you get back from the insurance company is blue book at best.

Not at all true. For basic vehicles, yes, but for vehicles that consistently trade over blue book (usually sports cars or classic cars) there are many ways of documenting the value of the vehicle as being legitimately above blue book and getting the insurance to pay the higher value.

ZV