topic Re: NADA vs TMV in Auto Loans

NADA vs TMV

babbles — Sat, 23 Oct 2021 04:21:29 GMT

looking at buying a 2007 ford focus SE with 37k miles, pretty good condition, why is NADA and TMV so far apart?

NADA says it's worth $4825 clean retail

TMV says $7325 @outstanding condition

KBB trade value says $3956 @ excellent condition

thought the dealer said he's asking 9K??

that's way off I would think!!

any thoughts on what I should offer since I want to pay cash??

Re: NADA vs TMV

pizzadude — Sat, 23 Oct 2021 15:58:45 GMT

Asking prices on used cars are inflated, but this seems excessive considering it's a car that's almost 15 years old.

If you are really set on this car, offer them your best out the door price; I'd ask them to also include an aftermarket warranty, considering the car's age.

Re: NADA vs TMV

sccredit — Mon, 25 Oct 2021 21:12:33 GMT

By the time you add tax, title and license you're over $10k that high books at $7k. I know that used car prices are ridiculous right now but there is no way that deal is worth pursuing.

Re: NADA vs TMV

Loquat — Mon, 25 Oct 2021 23:45:26 GMT

If the dealer won't come down significantly then I'd give this one a hard pass.

Re: NADA vs TMV

babbles — Tue, 26 Oct 2021 23:17:05 GMT

this car was not listed on the website as of the day I went there(hmm, that's them calling now), the next day I did see the car was @ $7950!