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RED Book Value...

Discussion in 'General Tech and Maintenance' started by Magik, Dec 1, 2003.

  1. Magik

    Magik Senior Member

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    How do I find out what the "RED" book value of my Si is??
    Anyone help me I out...I need to know asap.

    Thanks

    Jason
     
  2. CRXRookie

    CRXRookie Senior Member

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    Red book value? :wtf:
     
  3. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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  4. Magik

    Magik Senior Member

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    Appraiser/Dealer value of a used car...if you went into a dealer...what they would give you for it...

    I have to register my Si that I purchased and they take the purchase price and the red book value...whichever is higher...I pay the tax on that value.

    Jason
     
  5. E_SolSi

    E_SolSi Member of the 20 nut club Moderator VIP

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    in the US its the "blue book"
     
  6. Magik

    Magik Senior Member

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    Black Book = Dealer Wholesale
    Red Book = Private Sale Used Retail Value
    Blue Book = Dealer Used Retail Value


    ...that's according to the insurance appraiser, and the dealer that I just talked to...

    B)

    Jason
     
  7. seanjuan

    seanjuan Senior Member

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    blue book value

    on that site you can get a number for both the dealer blue book as well as the private seller blue book.... never heard of red book except as a magazine for grandmas
     
  8. Magik

    Magik Senior Member

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    Thanks dude...Well, I'm in Canada so maybe the 'red' is the equal to the US 'blue'...I'll see if the numbers match up. But like I said...the insurance and the dealer gave me the above low down on the book "colors"... B)

    Jason
     
  9. CRXRookie

    CRXRookie Senior Member

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    Ah, so the Red book value is for Canada. I never knew that..
     
  10. Magik

    Magik Senior Member

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    It appears that way...


    I guess it is all moot now, the former owner just told me that when he cancelled the registration he cancelled it as "parts or junk" thus I will have to re-safety and pay the tax on the "red book" value of the car...crappy thing is...it has a valid saftey sticker on it now...and I only paid $325 CDN for the SI...but the red book value (I went to Motor Vehicles on my lunch, they had a 'red book') is $1475-2425 CDN x 15% tax = $222-364 in tax....sigh.

    Thanks for the help guys...
     
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