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Apr 19, 2022 · It makes wonder if Redbook is a reasonable guidance for used car prices, and if future used car prices on these models will return to something in line with Redbook? E.g. 1. Porsche 981 Cayman (base model) is currently $100k - $110k on carsales. Redbook has them at $61k - $67k. E.g. 2. BMW M2 is currently $70k-$75k on carsales. On Redbook at $57k.
Feb 28, 2022 · You don't need redbook. Go to Service Ontario and get a used vehicle information package (UVIP), which you need to sell the vehicle privately anyway. You just give them your VIN and it's $20. It has the book value on there. 5.
Feb 14, 2023 · Redbook is still in good standard, by seeing the disparity between what people want for their cars and what people are actually getting for their cars. Redbook uses the sales data from multiple sources such as car sales, Glass's, VFacts, etc. When you sell a car and car sales you have the opportunity to punch in a box at the end of it what you ...
Mar 24, 2021 · I feel that Redbook is economically realistic in scientific terms, but does not account for the human factors around the purchase. Sentimental values, buyer's level of urgency, etc. A greedy/sentimental seller can set the price really high and ignore the 99 out of a 100 who peruse the market looking for a fair price.
Jul 14, 2015 · They definitely do use the redbook for taxes now. He paid more for taxation than the purchase price of the car. My last cheap car purchase (Dec last year) they accepted the $2000 I paid for it without question. Was well under book value (maybe half book, but car was worth well under book value).
Oct 12, 2022 · The value of anything is exactly what someone is willing to pay. Redbook values are indexed quarterly off CarSales data when cars are sold. It's indicative of what people say they sold their cars for. However: Professional car buyer and appraiser here! In my opinion Redbook is pretty useless.
Jun 13, 2021 · Reply. Limmy06. • 3 yr. ago. Red book pricing usually excludes on road costs (stamp duty, registration and CTP insurance). They do this because the on road costs are different depending on which state you are in. This might be where the thousands of dollars difference is coming from. If you can afford to wait, then wait.
May 8, 2023 · I used to work valuing (not for a car yard) back 15 years ago, even then the redbook values were higher than most private sales. The car yard wants to make a profit, they never take a trade in unless the profit outweighs what they lose on a new car. On the other side, owner confuse emotional attachment for real world value.
Feb 6, 2015 · It provides information on the prices of used cars for Canadians. Here are some examples of what it does: Basic search - returns the average price of the car for the model year. Advanced search - returns the average price of the car for the model year, the estimated value of a car based on the mileage (when compared to other cars of that same ...
Jun 3, 2023 · You can’t flip cars for the purpose of profit - makes you a dealer which is a red tape nightmare. Having a project car that you work on for a few months and sell for profit isn’t necessarily an issue but intent and quantity matter. If you sell them registered you’ll get a knock on your door pretty quickly if you sell too many.
