Is it wrong to use KBB when shopping for a F-Body
02-10-2009, 08:05 PM
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Is it wrong to use KBB when shopping for a F-Body
Good example:
There is a lady in the town I work in that has a "1990 Firebird" listed on craigslist. No other information....but she was asking $3500.
I email for pictures, but she said she didn't have any but said it was a 350, with new tires, struts, ties rods, battery ect. She said the paint looks good but the interior will need work.
Car has a total of 170,000 miles.
I asked her if it was a Trans Am and if it had T-tops, she replied and and said no it was a formula with the fixed roof.
So I did a KBB value
Excellent
$2,175
Good
$1,875
Fair
$1,525
Without looking at the car, and the fact she said the interior needed work I would say it was in "good" condition. Nada is about 600 more across the board.
So why is she asking almost double what KBB says? Is she trying to recoup her investment? I'm most definitely going to pass on that, I'm not a big fan of the formulas anyways...I personally like the ground f/x z28's and Trans Ams have.
Anyways, what are you guys using to determine the fair market value when buying your cars?
There is a lady in the town I work in that has a "1990 Firebird" listed on craigslist. No other information....but she was asking $3500.
I email for pictures, but she said she didn't have any but said it was a 350, with new tires, struts, ties rods, battery ect. She said the paint looks good but the interior will need work.
Car has a total of 170,000 miles.
I asked her if it was a Trans Am and if it had T-tops, she replied and and said no it was a formula with the fixed roof.
So I did a KBB value
Excellent
$2,175
Good
$1,875
Fair
$1,525
Without looking at the car, and the fact she said the interior needed work I would say it was in "good" condition. Nada is about 600 more across the board.
So why is she asking almost double what KBB says? Is she trying to recoup her investment? I'm most definitely going to pass on that, I'm not a big fan of the formulas anyways...I personally like the ground f/x z28's and Trans Ams have.
Anyways, what are you guys using to determine the fair market value when buying your cars?
02-10-2009, 08:26 PM
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Re: Is it wrong to use KBB when shopping for a F-Body
Using same info at nadaguides.com
$1,350 $1,825 $2,925*
*Clean Retail
No mechanical defects and passes all necessary inspections with ease; Paint, body and wheels have minor surface scratching with a high gloss finish and shine; Interior reflects minimal soiling and wear, with all equipment in complete working order; Vehicle has a clean title history; Vehicle will need minimal reconditioning to be made ready for resale
So if the interior needs work as the lady said, what bracket would that put the car valued in? Because according to the clean retail value the interior should look fairly good.
Also reading what it says about the body and paint....it should look fairly good, at least a 10 footer. Where does this put cars that have dents and other issues that require a repaint?
I'm shopping around right now and want the best deal for my money, if I can get a good clean running F-body for around $2,500 I'll be tickled to death.
$1,350 $1,825 $2,925*
*Clean Retail
No mechanical defects and passes all necessary inspections with ease; Paint, body and wheels have minor surface scratching with a high gloss finish and shine; Interior reflects minimal soiling and wear, with all equipment in complete working order; Vehicle has a clean title history; Vehicle will need minimal reconditioning to be made ready for resale
So if the interior needs work as the lady said, what bracket would that put the car valued in? Because according to the clean retail value the interior should look fairly good.
Also reading what it says about the body and paint....it should look fairly good, at least a 10 footer. Where does this put cars that have dents and other issues that require a repaint?
I'm shopping around right now and want the best deal for my money, if I can get a good clean running F-body for around $2,500 I'll be tickled to death.
Last edited by 88TransAmFreak; 02-10-2009 at 08:30 PM.
02-10-2009, 08:40 PM
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Car: 91 camaro RS, 87 T/A
Engine: 350 TBI, 305 TPI
Transmission: 700r4
Axle/Gears: 4th Gen 3.42/BW 3.45
Re: Is it wrong to use KBB when shopping for a F-Body
Those prices seem like decent prices when your buying an fbody from someone who is not an enthusiast. I would want more money for my car, but its far from stock and has upgrades. If its a stocker i would not pay anywhere near 3500 for it if it needs work. you can grab a nice car off members here for that price.
02-10-2009, 08:46 PM
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Re: Is it wrong to use KBB when shopping for a F-Body
Yeah I don't mind a little work, I can repaint myself....my main concern is engine and interior.
I don't mind replacing a headliner or door panel here and there.....but it would suck to have to replace the dash pad, headliner, door panels, carpet, seat covers, door seals etc.....that stuff can add up real quick.
My 85 TA needed all that and more, it would have been more than what the car was worth.
I don't mind replacing a headliner or door panel here and there.....but it would suck to have to replace the dash pad, headliner, door panels, carpet, seat covers, door seals etc.....that stuff can add up real quick.
My 85 TA needed all that and more, it would have been more than what the car was worth.
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