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      11-12-2012, 06:20 PM   #31
jmaak
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Drives: 370z
Join Date: Sep 2012
Location: Chicago

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Quote:
Originally Posted by bwsteg View Post
wholesale? Maybe when dealing with a dealer on a trade-in, not private sale. So basically what your assuming is that owners should sell their vehicle based on what people who don't have the cash in hand in the first place can borrow from a bank to purchase the car? That's absurd...
No, What I'm saying is the OP is concerned with the resale value of the car down the road. He should know what the car is worth currently on the wholesale market so he can have an idea of what instant deprecation he would incur if he were to dump the car down the road.

Cars are sold above their worth every day. What the car is really worth is the amount someone will lend you to purchase the vehicle.

My point to the op was if he were to trade in the car it would be based on the wholesale value not KBB.
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