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Actually, the book is yellow, it's the NADA book that tracks and sets the prices of used Vehicles. It's original name was Kelly Blue Book, which explains the colour thingie.
Generally tho, when you trade in, that dealer has to either sell the car used (and they want as close to blue book as they can get), or sell it to a broker where it goes on auction and is sold. Usually to very small used car dealers in cities. (Can't beat that deal from "Joe's" Used cars). Plus, you've made a "deal" for the new vehicle, usually at $100 or so over the invoice price (believe me, they've sewn up that loophole pretty good already). Then, they also want you to finance through them.
Breaks down as: trade-in car is sold for more than the tradein given.
Money made on the new vehicle.
Commission on a financing package. And interest, if they or their company also hold the note.
It's a mess.
Anyway, the NADA Is online now, just like everything else. Don't know if it's just limited to US cars, or if they have worldwide versions.
http://www.nadaguides.com/autohome2.aspx?Lnk=1&wSec=10&wPr=0&wPg=2111
My mind is like lightning, one brilliant flash and then it's gone.
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AUTHOR OF THIS MESSAGE
Corsair
MESSAGE TIMESTAMP
24 february 2006, 00:14:02
AUTHOR'S IP LOGGED
68.230.224.3
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