Is there a website(s) that will tell me a car’s invoice price (i.e. what the dealer paid for the vehicle)?
Also, which website(s) can tell me the true value of a used car?
Scotty always says to stay away from KBB and Nada which I had always used before for determining used car prices. Fine, I can do that, but where do I go now?
Is there a website(s) that will tell me a car’s invoice price (i.e. what the dealer paid for the vehicle)?
No. I would think that information is guarded very well.
Also, which website(s) can tell me the true value of a used car?
There is no such thing as "true" value. There is only the amount of money that people are willing to pay for a particular car, in a particular area, at a particular time.
Can you please describe what you are trying to do?
I am looking at several used cars to replace my current daily driver and wanted to make sure I was not over paying. I’ve always previously used KBB by typing in the year, make, model, vehicle condition, mileage, etc. and it gives me the KBB value, but Scotty is poo-pooing that. What’s the alternative?
If it is near the KBB trade in value then that is a good price bc the trade in values are very low and much more useful then the stupid private party true market value thing they have.
the alternative is research, research, research. When I'm shopping for big ticket items, I hit craiglist and I start sending out as many emails as I can, feeling people out to see how low they are willing to go.
You can look at KBB as a data point, but consider them to be high. There's no replacement for legwork.
If you ask here, we can help you out with crowd power.
Hey @kerem-umut-kerem, post your own answer please.
My dead BIL was a "horse trader". He said he always bought low, sold high. He kept lowering his offer to the max he thought he could pay and still make money at resale. His family became wealthy when he died.
If it is near the KBB trade in value then that is a good price bc the trade in values are very low and much more useful then the stupid private party true market value thing they have.
I would look on craigslist and find yourself the average price of a car for sale in specific condition. For example where I live a 2007 Corolla w/ less than 50k miles would be listed at 7 grand, and I would see how low I could go.
I heard the rule of thumb was, "If they say 10, they mean 8, they want 6, it's worth 4 and you bid 2."
