NADA is even worst. Damn thought value was suppose to go up on these babies lol

 

I would not even consider trusting NADA at all. Their numbers on the S2000 are way too low...when you want to find out what your car is worth, go compare your car's condition with the market values.

Formulas don't always work, especially for cars that you know aren't typical like the Accord or Camry. Formulas do not understand the market demand. I am sure those websites would undervalue the Nissan 240SX because they are old or blah blah blah but we all know they are worth more than they should...

 

Formulas work great for most cars, but a low volume car that sells used even lower (due to owner loyalty/fanaticism), those same formulas = volatility in suggested value. Someone in this thread stated this already, and its spot on.

They need to adjust to formula to compensate for low volumes. Something that doesn't skew the whole formula every month due to a couple of high, or low, value sales.

 

I never heard of blackbookusa before. I'm sure every area\ every bank and dealer uses different sources.When i bought my 08 civic Si they used KBB, and when i got a loan at my credit union for the s2k they used NADA. Its not like there is any set one they NEED to use. My friend's mom works for an insurance company and when cars get crashed they use NADA values as well.

 

They value it at around $400 on a higher mileage car and thats what my insurance went by... so people might want think about add extra insurance for your hardtop.

 

KBB has gone so far as to quote, "excellent" condition AP1s from 2000-2002 $1-2k higher than similar mileage and conditioned late model AP2s. It highly relies on your market; I.e. Mid-west vs Los Angeles or Miami areas...

 

Used cars held on to its value in recent years because of the economy. People hold on to their cars, delaying purchasing new. So this created a demand in used cars.