Quote:
Originally Posted by 1968ss350
I've been in the car business my entire life man. What you think invoice is, isn't really "invoice". KBB has no affect on new cars. KBB is a guideline used buy banks to determine the amount of money they should loan on a particular car. Stupid because no two used vehicles are the same. One has been wrecked and the other hasn't but kbb is the same?? Dumb huh
Anyway it doesn't matter to me. Congrats on your car ANT. At least you got a great deal  |
I work at KBB.
We're not technically supposed to affect or determine prices for anything. Rather, we act as a single point reference for what the various markets are paying.
Does acting as a reference feed back into the market? sure. What's dumb is completely misrepresenting and/or understanding how any of that, or the way banks/courts utilize it for values works or functions. Which you apparently do not.