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SVTPerformance's Chain of Restaurants
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The Terminator and Fair Market Value
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<blockquote data-quote="spincobra03" data-source="post: 9165692" data-attributes="member: 52823"><p>I agree with 99% of that write up except the opening paragraph.</p><p>That price you are seeing on kbb and nadaguides? Pretty much useless. Both guides give you reasonable depreciation numbers based on a value that assumes demand for such a vehicle is met by consumer interest</p><p></p><p>I have just gone through this at my bank. 99% of banks base what they are willing loan off of those values. Granted the cars are limited but KBB or NADA are actually fairly important IMO. I agree that KBB and such are poor barometers for what the car is worth but cant be dismissed because financing for the consumer is inevitably what it boils down to. I actually had a conversation about this very topic with my father who is a trustee at a bank. He votes on loans etc.. I tryed explaining these cars are limited and there not like a typical ford escort etc.. and everytime he went back to "it doesnt matter, (we were actually arguing over it, kinda funny) a bank doesn't know the difference if a car has 10 HP or 1000 HP, if henery ford himself built the car or a kid at a tech school. The bank just wants to know, if you cant pay for this loan what can we get for this car. Its a very interesting topic and by the end of the conversation he made more of a believer out of me. But I still say there are some shades of grey when it comes to this whole market value on terminators, the truth probably lies somewhere in the middle.</p></blockquote><p></p>
[QUOTE="spincobra03, post: 9165692, member: 52823"] I agree with 99% of that write up except the opening paragraph. That price you are seeing on kbb and nadaguides? Pretty much useless. Both guides give you reasonable depreciation numbers based on a value that assumes demand for such a vehicle is met by consumer interest I have just gone through this at my bank. 99% of banks base what they are willing loan off of those values. Granted the cars are limited but KBB or NADA are actually fairly important IMO. I agree that KBB and such are poor barometers for what the car is worth but cant be dismissed because financing for the consumer is inevitably what it boils down to. I actually had a conversation about this very topic with my father who is a trustee at a bank. He votes on loans etc.. I tryed explaining these cars are limited and there not like a typical ford escort etc.. and everytime he went back to "it doesnt matter, (we were actually arguing over it, kinda funny) a bank doesn't know the difference if a car has 10 HP or 1000 HP, if henery ford himself built the car or a kid at a tech school. The bank just wants to know, if you cant pay for this loan what can we get for this car. Its a very interesting topic and by the end of the conversation he made more of a believer out of me. But I still say there are some shades of grey when it comes to this whole market value on terminators, the truth probably lies somewhere in the middle. [/QUOTE]
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