Quote:
Originally Posted by Giller
Simple supply and demand for the most part. Some areas you will find prices well below book value, while other areas will be higher. Depends on what is available, who is looking and then with these, time of the year. I would say the best time to buy is late in the summer / early fall. Prices will be discounted so owners don't have to worry about storage.
Bottom line - why would you pay more than book value? Cause you WANT it. That's the thing with these cars. Once you are bitten.....
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I found here in Ontario the supply is low, when i found my 99 with just over 30k miles, the asking price was 20k, we settled on 18. Plus a fair number of tools throw in. Here in Ontario when purchasing a used car, there is a government form that needs to be purchased which shows the book value of the car you are buying. Sales tax of 13% is paid on either the purchase price or book value, which ever is greater at the time of transfer. The book value on the government form was $4500. I was shocked that the value was so low. It does make me worry that if insurance ever becomes involved there will be a fight on my hands. As a result of the book value, I renegotiated the selling price for the car and bought likely the most expensive used floor jack ever for $13,500.