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Kelley Blue Book drops price on recalled Toyota models

Discussion in 'General Automotive' started by Snipe, Feb 3, 2010.

  1. Feb 3, 2010 at 5:43 PM
    #1
    Snipe

    Snipe [OP] Well-Known Member

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  2. Feb 3, 2010 at 5:45 PM
    #2
    08TRD Sport

    08TRD Sport ROOTIN AROUND

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    awesome ... I loke having shitty resale value just b/c I have a toyota..even if My truck is not recalled
     
  3. Feb 3, 2010 at 7:43 PM
    #3
    ywen

    ywen Well-Known Member

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    damn.. I just bought an 03 Taco.. one major selling point - high resale value. FML
     
  4. Feb 4, 2010 at 7:37 PM
    #4
    nighthawk87

    nighthawk87 Well-Known Member

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    Who gives a fuck, supply/demand determine the price...not Mr. Kelly Blue Book. Do they think they ARE the economy now or what. I would tell them to shove their statement up their where the sun don't shine.
     
  5. Feb 4, 2010 at 7:40 PM
    #5
    rab89

    rab89 Well-Known Member

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    I think us 1st gen owners are gona be fine, I'd even say lucky. with all the first gen's with rust being pulled off the road, there are less to choose from, and with people not wanting the 2nd gen due to recalls, our trucks will be worth just as much or more. I could sell my truck for as much as I bought it for almost 2 years ago, right now.
     
  6. Feb 4, 2010 at 7:47 PM
    #6
    Snipe

    Snipe [OP] Well-Known Member

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    When Toyota did the buy back due to frame rust, what did they use to determine how much they paid?
     
  7. Feb 4, 2010 at 7:50 PM
    #7
    topgun155

    topgun155 Well-Known Member

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    If your frame is rotting. They will buy your truck back for x1.5 market value.
     
  8. Feb 4, 2010 at 7:50 PM
    #8
    rab89

    rab89 Well-Known Member

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    zing!!!! :d
     
  9. Feb 4, 2010 at 7:51 PM
    #9
    rab89

    rab89 Well-Known Member

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    he's saying that blue book does matter because that's what toyota used to determine the price they paid the owner
     
  10. Feb 4, 2010 at 8:59 PM
    #10
    nighthawk87

    nighthawk87 Well-Known Member

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    KBB is a company that is supposed to DETERMINE the market value of your vehicle, not DECIDE the value!!!! Who uses KBB anymore anyways, I use Edmunds...
     
  11. Feb 4, 2010 at 9:04 PM
    #11
    AriZonaD54

    AriZonaD54 BANNED in 49 states...

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    Fugg KBB. If I wanted to buy a vehicle that didn't depreciate, I probably couldn't afford it assuming most are exotics or classics. I buy a vehicle, I drive the hell out of it.

    Bought my M3 3 years ago, and she has 105k on her now.
    Bought my Tacoma 5 months ago, and have added 10k miles since.

    DRIVE 'EM!
     
  12. Feb 4, 2010 at 9:56 PM
    #12
    rab89

    rab89 Well-Known Member

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    uhhhh, TOYOTA does...
     
  13. Feb 4, 2010 at 9:58 PM
    #13
    nighthawk87

    nighthawk87 Well-Known Member

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    ...and we can all trust Toyota's ways huh.....WOW, just WOW:eek:
     
  14. Feb 4, 2010 at 10:03 PM
    #14
    rab89

    rab89 Well-Known Member

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    I never said anything about trusting toyota's ways, go back and re read, your dismissing KBB and saying it's worthless, but the reason it's important, is that when the 1st gen's are being bought back, they are using kbb x 1.5

    so when KBB says they are worth less, that means toyota thinks they are worth less, if they are ever yo buy your truck back for whatever reason, you'll get less, if you ever trade your truck in at toyota, you'll get less. but you will also pay less for a used vehicle at toyota.
     
  15. Feb 4, 2010 at 10:20 PM
    #15
    nighthawk87

    nighthawk87 Well-Known Member

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    Prove it to me that Toyota uses kbb. They could always switch. And resale by def is not kbb. Kbb lost credibility a while ago...
     
  16. Feb 4, 2010 at 10:28 PM
    #16
    rab89

    rab89 Well-Known Member

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    Go in to your local toyota and ask them how they determine the price they pay for the buy back on the 98-00 Tacoma's with frame issues. or go search, it's been said many times that they use KBB x 1.5

    No, resale is not directly determined by KBB, but every car dealership, new or used, has a KBB to help determine what they will give you for your used vehicle on a trade in.
     
  17. Feb 5, 2010 at 6:58 AM
    #17
    nighthawk87

    nighthawk87 Well-Known Member

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    Dealers don't use kbb, they use something else that provides a wholesale rate.
     
  18. Feb 5, 2010 at 7:19 AM
    #18
    ywen

    ywen Well-Known Member

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    Classy reply.. I figured as much ;)..
     
  19. Feb 5, 2010 at 7:21 AM
    #19
    Mark C.

    Mark C. If you want it bad, you usually get it bad!

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    But........er.........uh.........other than that, you have no strong opinions either way?
     
  20. Feb 5, 2010 at 7:41 AM
    #20
    Danosabre

    Danosabre Well-Known Member

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    I think they use Kelly Black Book. When I bought my truck the person I was dealing with brought up Blue Book for the trade in value of my car and it was $3,300, when they came back with the paper work they gave me $500. I was pissed and made a huge PITA of myself till I got more, and made sure everyone else in the dealership heard.
     
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