Which value do you guys use when buying or selling a car?

Hard to negotiate for one price when the other is $2K higher.

 

Neither. considering NADA list the value of a 97 R as 9k with uber-low mileage. Then again, they just recently added the 97 R to their listing. A year ago, they only listed 98+.
As for KBB, they list no value.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Mythias &raquo;</TD></TR><TR><TD CLASS="quote">Neither. considering NADA list the value of a 97 R as 9k with uber-low mileage. Then again, they just recently added the 97 R to their listing. A year ago, they only listed 98+.
As for KBB, they list no value.</TD></TR></TABLE>

Let's forget about ITRs for a minute, shall we? As you said, KBB has no listing for it, so I'm not asking about my car because I know what it's worth.

If you were going to buy something other than an ITR, which would you use?

 

I use NADA when I buy. For selling, I use whichever is higher.

I know most insurance companies look at NADA. I know they did when they totaled my corolla and also when my ITR was stolen. This is 2 different insurance companies as well (Corolla was theirs, ITR was my co). Its supposedly better because it gives fair market value. It takes recent selling prices (private and dealer) and gives you an average. This is how my insurance adjuster explained it to me and the reason why they use it.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">If you were going to buy something other than an ITR, which would you use?</TD></TR></TABLE>

To be honest, NADA.

 

Thanks for the info, guys.

There is a $3K diff. between the NADA values of the car I'm looking at, and that of the ITR. If I could actually see that difference, I'd have to do it.

 

My company always use NADA and something else (starts with C) for total loss. You have the right to pick which one you want also. But most people pick NADA because it's higher.

 

When I sold cars we used a Black Book for buying, because it lists all the wholesale prices and cars would get priced on NADA. KBB wasnt good for anything, I think they just make up numbers to publish a book. Edmunds.com is also pretty good if you put in an accurate description of the car.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">...values of the car I'm looking at....</TD></TR></TABLE>

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">blah blah blah "I'll never sell the car."</TD></TR></TABLE>

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">blah blah blah "I can't imagine being without the ITR."</TD></TR></TABLE>

Treason!

(And a BMW isn't going to make you a better driver.)

 

Doh...Pwned

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote"> I'm not asking about my car because I know what it's worth.
</TD></TR></TABLE>

That trashcan is worth about $500

 

Go with whichever value is lower.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by George Knighton &raquo;</TD></TR><TR><TD CLASS="quote">Treason!

(And a BMW isn't going to make you a better driver.)</TD></TR></TABLE>

LOL...right on both counts. I'll probably end up keeping the ITR, but the BMW has 4 doors and it's cheaper. It wouldn't make me a better driver but it might make me grow up a little!

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">

LOL...right on both counts. I'll probably end up keeping the ITR, but the BMW has 4 doors and it's cheaper. It wouldn't make me a better driver but it might make me grow up a little!</TD></TR></TABLE>

grow up a lil? who wants to get old? stay young. don't become gramps

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Nishant &raquo;</TD></TR><TR><TD CLASS="quote">

grow up a lil? who wants to get old? stay young. don't become gramps </TD></TR></TABLE>

Oh, I thought he was talking actual height

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Nishant &raquo;</TD></TR><TR><TD CLASS="quote">grow up a lil? who wants to get old? stay young. don't become gramps </TD></TR></TABLE>

LOL...actually, he is a good example of someone who has never grown up. He drives a Civic and an Integra, hangs out with us kids, and doesn't keep anything in his fridge.

As far as "becoming"...I would have to grow almost a foot and put on about 100 lbs.

I don't need to grow up, but my car might. Right now I have two race-ready motor vehicles, and I think that might be one too many. Something I could hear my stereo (or my gf talking) in would be nice. I'll probably end up keeping the ITR, but the potential replacement is just as quick, with a similar power-to-weight ratio.

Having both an ITR and a racebike is nice when I want to have fun, but what about making a 6-hr drive to see my folks? I don't do it, simply because I don't have a way to drive there without physically exhausting myself or doing permanent damage to one of my senses.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">
Having both an ITR and a racebike is nice when I want to have fun, but what about making a 6-hr drive to see my folks? I don't do it, simply because I don't have a way to drive there without physically exhausting myself or doing permanent damage to one of my senses.</TD></TR></TABLE>

Precisely why I bought my wife a truck last year and am in line for a new luxo-whatever for myself by the end of this year. Gotta use the strategy.

It just makes sense. It's not an age or growing up thing, actually for me just a bit of maturity and my *** liking 100 way adjustable heated leather seats and nav and an awesome sounding stereo that doesn't just go "thump-thuimp" to compete with the noise the car is making. I love the R but the more I track it the more I almost hate driving it on the street and come closer and closer to just caging the thing and taking it off the road for good.

I've done the 10 to 14 to 24 hour and multiple day road trips in it when it was stock and that was just about bearable. But there's Nothing wrong imo with finding something that is just more comfortable and dare I say luxurious for daily commuting and long road trips.

 

For me, the greatest thing about the ITR is how good it is in stock form.

Once you start modding it, that "do-it-all" factor fades gradually. I would kick myself if I made the ITR a track-only car, because that really is wasting its potential.

If you can only have one way to get around, a stock ITR is almost as good as it gets. It will go to the track with some fresh pads and kick ***, and drive home without issue. It will swallow your favorite chair, and 4 adults in semi-comfort.

If I stretched myself I could pay for both cars, or track my ITR the way it was meant to be tracked. But they're too close together in purpose. It's one or the other.

If I sell the ITR I will have another one at some point.

 

most banks and credit unions use NADA values.. why i dont know... but thats what they use to determine the value of vehicles and how much to loan on a rig.. as well as credit scores

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">I don't need to grow up, but my car might. Right now I have two race-ready motor vehicles, and I think that might be one too many. Something I could hear my stereo (or my gf talking) in would be nice. I'll probably end up keeping the ITR, but the potential replacement is just as quick, with a similar power-to-weight ratio.</TD></TR></TABLE>

don't be a chump. put the stock axleback on, and i garuantee it will solve your problems. :-P

 

nada is a good source... and if you have access to it use black book, combining the 2 will give you the most accurate values on a vehicle.... those are the 2 we use at work (car sales)

 

I use NADA pretty much exclusively.. I'll check the others, but usually only for a laugh.. banks and insurance companies go by NADA mostly, so that's the safe bet..

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ross R &raquo;</TD></TR><TR><TD CLASS="quote">For me, the greatest thing about the ITR is how good it is in stock form.
</TD></TR></TABLE>

So is the GSR.... or RS/LS...

 

KBB is useless

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Azcheron &raquo;</TD></TR><TR><TD CLASS="quote">KBB is useless</TD></TR></TABLE>

Thanks captain.