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      03-23-2009, 04:42 AM   #16
Guran's Avatar

Drives: 08 135i Coupe
Join Date: May 2008
Location: Wollongong, Australia

iTrader: (0)

Redbook valuations definitely have some lag in them. When I was selling my MINI late last year, the Redbook valuation was something like $23k. It took me three months to sell the car, and in the end I only got $18,500 which was about 15% down on the Redbook rating at the time. I felt that was due mainly to the rapid plunge in the Australian car market over that time (and it's collapsed further since then!), rather than inaccuracy in Redbook prices, which do truly represent "final list" prices (rather than true sale prices). It's just that there's lag and when the market changes rapidly, you then see a mismatch.
08 BMW 135i Sport Coupe | Manual | Sparkling Graphite | Coral Red Boston Leather | 10 Speaker Hi Fi