Newb Trying To Assess Truck Value

[tpj65]

Looking at a 2007 Tahoe LT. New to SUV/truck world (needs have changed)

 

Seller claims vehicle cost $54K originally, I'm having a hard time believing that (unless they got totally hosed by dealer for add-ons). Of course they don't have the window sticker. I think it's a lease and they're simply trying to see if they can find someone willing to pay more than lease buyout.

 

Appears loaded, leather, 4wd, DVD player for rear... but I'm having a hard time reverse engineering option packages.

 

I was able to snag the VIN - is there anyone here who can reproduce a "build sheet" and/or options/MSRP from the VIN? I've been able to to find what typical leasing residual values were at that time, but not MSRPs.

 

New to trucks but not vehicle forums... yes I did search but terms are too generic.

 

Thanks in any event.

[punmax]

PM me the vin I can run a carfax for ya.

[MS3DALE]

I can get the MSRP from the VIN.

[certifiedcustom]

PM me with the VIN and I can tell you what price they are going through auction.

[geektoad]

PM me the VIN and i can tell you how many characters there are in it.

[punmax]

 

PM sent.

[VMax2007]

PM me the VIN and I won't be able to tell you shit.

[GARB55]

PM me the VIN and I won't be able to tell you shit.

 

PM me the Vin and I can tell you the same thing VMAX2007 can..

[ukrkoz]

ok, boys, let me give you some wisdom. it does not matter what original cost was. it does not matter what MSRP was. or what edmunds or bluebook or black book say (btw, best do is to go to your bank, and ask for black book. tell them you think about drawing a used car loan through them and want to see if you looking at the right truck. talk to loan officer. they have those little black books, ya know)

 

anyhow, here's the wisdom. VALUE FOR ANY ITEM FOR SALE IS EQUAL AMOUNT ONE IS WILLING TO PAY FOR IT. that's it. so, that truck might be sitting on the market for months, falling in value and be sold for pennies, or a foool will show up and will pay face value as "he feels it's a great deal".

 

i have one word for any 'reserchers" of such values: craigslist. get thing called CASH, and hear it talk to any seller.

[tobias]

Wow, that was a buzzkill.

 

Annnnyyyyyyyway, give me the VIN and I can use it to determine your favorite type of sandwich.

[GARB55]

Wow, that was a buzzkill.

 

Annnnyyyyyyyway, give me the VIN and I can use it to determine your favorite type of sandwich.

 

 

 

Sure Hope I'm eligible for a Loaded Sub, I'm Hungary!

[tpj65]

ok, boys, let me give you some wisdom. it does not matter what original cost was. it does not matter what MSRP was. or what edmunds or bluebook or black book say (btw, best do is to go to your bank, and ask for black book. tell them you think about drawing a used car loan through them and want to see if you looking at the right truck. talk to loan officer. they have those little black books, ya know)

 

anyhow, here's the wisdom. VALUE FOR ANY ITEM FOR SALE IS EQUAL AMOUNT ONE IS WILLING TO PAY FOR IT. that's it. so, that truck might be sitting on the market for months, falling in value and be sold for pennies, or a foool will show up and will pay face value as "he feels it's a great deal".

 

i have one word for any 'reserchers" of such values: craigslist. get thing called CASH, and hear it talk to any seller.

 

I get that, thank you for the wisdom.

 

What I'm trying to do, however, is stack the deck and determine what the seller's lease buyout is. I have a good idea of what the residual value/percentages were at the time the truck was leased, so if I can get the MSRP, I then have a good proxy for what the buyout value is and where to start negotiating UP from - rather than DOWN from the asking price, which of course is unrealistically high (based on kbb/nada/edmunds... I've never heard of "black book" but every time I've gone to the DMV to register a used car they pull out the NADA book which is the industry bible of used car prices)

 

thanks for the info.

[sonjaab]

Whos to know what the fool paid when he got into his lease???????

Ya figure its a 07 that cost $50+k so he prob. scored a 60/72 month lease plan

to keep the payments low. If hes had the truck for what 2 years? he still owes

ALL the remaining payments PLUS the buyout amount.

 

So no matter...... what he still OWES the leasing company waaaay more than the

truck is worth ! Hope he has a lot of cash handy...but not likely!

 

BTW: The Black book is used here by most dealers in the Northeast US.

It is current auction prices here in the Northeast. Other parts of the country

use their own regional version. Or some use Galves while others use Kelly.

 

Most banks use Kelly BB to determine the LOAN value for a used vehicle when the

average Joe comes in to borrow money to buy it from a private owner or even a

dealer. Note that the LOAN value is ofter LESS than the KBB low book figure.

 

Thats where the dealer comes into play !!!!!!!!!

They can usually finance anyone (with good credit) either the KBB RETAIL value/

and/or roll over any negative equity into the new loan up to 125% of high KBB book!

 

Of course with the new banking crisis/bailouts/recession they be a bit leary of

lending more than hi book......................