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Old 08-19-2014, 12:06 PM
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Question on pricing vs blue book

Hello all,

My first post! I just became a new convert to the WJ platform. I just bought a 2004 GC Special edition with a straight six and I love the thing. Excited for my first winter! Anyway, on my search for a WJ jeep I talked to one of my parent's neighbors who was selling his 01 GC laredo with a little less than 100k miles. It's also a straight six with selectrac and all the extra's (leather, moonroof, and a few other small mods to prolong the life of the vehicle). The vehicle is in absolutely flawless condition and there is not a hint of rust on the body or undercarriage. He is retired guy who used to be a mechanic. He said he put premium fuel in the thing it's whole life The guy definitely knows his stuff. Talked to him for about an hour and he is definitely the real deal. We got to talking about price and he basically quoted me about 4k above blue book for excellent condition. I chuckled on the inside - I didn't dare say anything to his face and said that the most I could offer him was 1k above blue book. He basically laughed at me and told me I could buy a nice wheelbarrow for that price (I kid you not!). So my question is, is it possible for KBB to be that far off on price? Clearly the guy treated the jeep like his baby so i'm sure there's some emotional attachment, but am I crazy one here? Just looking for some validation that I didn't miss a great jeep! But so far I'm very happy with my '04 with a little but of rust thanks!
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Old 08-19-2014, 12:10 PM
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Re: Question on pricing vs blue book

It depends on the area of the country. I haven't checked recently, but for years, KKK was way high in the Northeast, and fair to slightly low in the Southwest.

I can't imagine paying over KBB if you have taken their allowances for mileage and condition into account.

Emotional attachment has no $$$ value to a buyer.


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Old 08-19-2014, 02:50 PM
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Re: Question on pricing vs blue book

Location does matter. I look at KBB, NADA, and Edmunds for reference and make my own decision on what a vehicle is worth. I have noticed that some platforms significantly from one of those three to another. Other vehicles don't vary all that much.
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Old 08-19-2014, 04:44 PM
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Re: Question on pricing vs blue book

In my area KBB with 90k miles, every option, and excellent condition was $6k. If he's asking $4k over that, I cannot imagine paying that much for a 14 year old vehicle with the base model engine, even if it only has 90k miles. I can find great WJ's in the $5k range. I don't see that the options double the value of the car, but that's just me.
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Old 08-19-2014, 05:59 PM
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Re: Question on pricing vs blue book

Quote:
Originally Posted by JeepMe View Post
In my area KBB with 90k miles, every option, and excellent condition was $6k. If he's asking $4k over that, I cannot imagine paying that much for a 14 year old vehicle with the base model engine, even if it only has 90k miles. I can find great WJ's in the $5k range. I don't see that the options double the value of the car, but that's just me.
Ask the used car sales manager at a local dealer, tell them immaculate condition, mileage, maintenance history, and see what they would charge retail. And never pay a private seller that much unless you are in love with them.

The 4.0 didn't need premium, although it typically ran better on midgrade for the 150K miles I put on one.

As for KBB, it is a bit on the simplistic side, to be charitable.
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Old 08-19-2014, 06:54 PM
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Re: Question on pricing vs blue book

I would pass on that,four years ago i picked up my 1st jgc limited after months of looking mostly on craigslist a 04 jgc lim. A owner 132k always dealer serviced 6500. cherry!
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