Re: Ford truck

Posted by dhermesc on February 18, 2005 at 13:19:56 from (68.110.220.22):

In Reply to: Re: Ford truck posted by supergrumpy on February 18, 2005 at 12:02:56:

Kelly Blue Book is somewhat accurate on their "Trade" value but their "Retail" sales price has nothing to do with reality. According to them dealers make on average 50% to 100% profit on every vehicle that comes through. Got to remember this is a service generated by dealers, for dealers to be used by consumers to price a car - who do you think its going to favor?

I recently traded a 1992 Grand Marquis on a 2004 Chrysler Stratus. The Stratus was priced at KKB and the lot at $14,800. My smoking GM was worth maybe $1000, trade differance $10,400. On the sales sheet it showed sales price of $14,800 - $4,400 (trade) = $10,400 Cash. Reported to KKD as a $14,800 sale, but trade values of 12 year old Grand Marquis isn't adjusted up to $4,400.

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