Quote:
Originally Posted by Spacemane969
I was surprised today looking at 2013s on carmax. All $15k and up even with 80k miles. Yet if mine is totaled today the NADA value is $9,900. Can someone elaborate on NADA/blue book for me?
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The NADA/blue book values you are looking at are the trade in price not the retail price. Of course the trade in value is lower since the car has to be resold at a profit. The retail prices listed are averages and the actual amount they are selling for can vary significantly based on your region and the supply and demand in that area at any given time. It does suck that the insurance companies use the lowest value they can find when setting prices but that is the way that capitalism works. Everybody wants to sell high and buy low but at some point somebody is not going to get what they think they should.