Originally Posted by Richard Martin
Two thoughts on this...
1) A vehicle's value is exactly how much an individual is willing to pay for that vehicle. It has nothing to do with some arbitrary numbers written by people with insurance companies in mind. Insurance companies love KBB because they are the supposed "experts" in vehicle valuing. KBB also always under values just about every car in their lists. This is a huge plus for insurance companies.
2) Good luck getting me to sell my Mustang for the KBB value.
I'll go $2k and no more. After all, it is a Ford.