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How do they determine "book value" for the rust recall?

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Old 07-03-2009, 07:18 PM   #1
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How do they determine "book value" for the rust recall?

I know it's Kelley Blue Book, and excellent condition. But is it private party, trade-in, or retail value? And if you look up the value on KBB's website, it makes you enter the mileage to see a value, but I thought the mileage doesn't matter for the recall? If you look at the actual hard-copy Blue Book, it lists a value based on average miles for the year, is this what they go on?
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Old 07-03-2009, 08:03 PM   #2
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1.5x KBB excellent retail value.

not sure what they do about the mileage.
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Old 07-03-2009, 09:51 PM   #3
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Quote:
Originally Posted by pittim View Post
1.5x KBB excellent retail value.

not sure what they do about the mileage.
i think mileage is factored into kbb...
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Old 07-03-2009, 09:53 PM   #4
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i think mileage does matter in determining what the truck is worth...but the condition should be listed as excellent...regardless of condition
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Old 07-04-2009, 08:49 AM   #5
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A lot of places use the NADA values also

http://www.nada.com/

You know, that little orange/brown book you can get at the bookstore.

The values might also be determined by their insurance/s
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