I found a car for sale and compared the asking price to it's suggested price on KBB. Can I use KBB as a reputable source to negotiate the price? It's a difference of about 1K.
The car is a 1998 BMW 528i going for $4,500. On KBB t says between $2.2K - 3.7K
IMHO, use several sources to find comps. KBB is one of them. Look for similar cars on used car websites. Look at other private listings.
Prices vary by region, scarcity, desire, and each is a case by case basis. KBB gives you an idea. And it seems it is to your advantage in this case.
by the way, all I did was search Scotty's youtube channel for KBB to find this. Took about 10 seconds.
Oh, sorry. Didn't think to search his channel like that. I'll be more mindful next time. Thanks though for the info
everything on the internet can be searched, including this site
Scotty can say a lot more on this. KBB is owned by the Cox group. They own Autotrader (or something like them), plus dealerships. They have a vested interest in higher prices.
In Southern California, KBB is what EVERYBODY wants, even the impound lots near the Mexican border. I have bought two Rav4s recently... One certified, both were from a Toyota dealership, near private party blue book pricing (one under, one slightly over). I consider them major victories.
So even with the inflated prices of KBB, the seller's asking price is higher? Hahah. Thanks though
Meh, I'd take it with a grain of salt. Especially in today's market.
