I haven't looked lately, but there has always been a significant difference between the Kelley BB and the NADA book. Kelley is always higher in the valuation, and the NADA lower. In the past most lenders whith whom I came into contact with used the NADA book, thus always insuring the lwer lending rate.. It always put them on "Safe" ground. 10% down payment on an already lowballed NADA price, kept them relatively safe so far as being secure in the deal went. Banks always like to be able to dump the vehicle and get their money out with the least effort, and the less they have in, the easier to get out. Makes good banking sense, but doesn't help the consumer. Regards, John Rodgers 88 GL Driver Max Wellhouse wrote: > www.kbb.com says my 90GL in good condiiton is only worth $2400 at zip > code > 50613. Go figure. > > DM&FS > > At 02:05 PM 4/28/2006, John Rodgers wrote: > >> I just had my bank do an appraisal of my 88 GL. The loan officer came >> back with $5400. I was blown away. Had no idea a bank would value the >> simple GL vehicle at such. The van is stock, except for the Haynes hitch >> recently added. >> >> Has anyone else has received good news on their vanagons value in recent >> months? >> >> Regards, >> >> John Rodgers >> 88 GL Driver >> >> >> >> -- >> No virus found in this incoming message. >> Checked by AVG Anti-Virus. >> Version: 7.1.385 / Virus Database: 268.4.5/322 - Release Date: 4/22/2006 > > > -- > No virus found in this outgoing message. > Checked by AVG Anti-Virus. > Version: 7.1.385 / Virus Database: 268.4.5/322 - Release Date: 4/22/2006 > > |
Please note - During the past 17 years of operation, several gigabytes of
Vanagon mail messages have been archived. Searching the entire collection
will take up to five minutes to complete. Please be patient!
Return to the archives @ gerry.vanagon.com
The vanagon mailing list archives are copyright (c) 1994-2011, and may not be reproduced without the express written permission of the list administrators. Posting messages to this mailing list grants a license to the mailing list administrators to reproduce the message in a compilation, either printed or electronic. All compilations will be not-for-profit, with any excess proceeds going to the Vanagon mailing list.
Any profits from list compilations go exclusively towards the management and operation of the Vanagon mailing list and vanagon mailing list web site.