How the heck is a guy supposed to figure out what vehicles are worth? Trust the dealer? Ugg. Canadian Black Book, VMR? Autotrader comparables?
I've been sniffing around at some new vehicles these days. I'm trying to figure out what my truck is worth on a trade.
CBB says $20k-$23 trade in value
VMR says $22,950 wholesale
Autotrader comparables go from $26k-$28
2 dealers offer me $16-17k
On top of that, the vehicles at the dealer that I'm looking at (used) are priced at around $4000 more than CBB says is the average selling price and $9k over what VMR says is retail pricing.
Are these "guides" online completely out to lunch?
I guess in the end things are only worth what someone will pay for it, but this was a harsh reality check.