Quote:
Originally Posted by py0413
I understand that CBB is used as a guide/reference only; however, if such a reference/guide has significant differences than the reality out there, why does such tool still exist? Doesn't this make people wonder twice?
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Only because the CBB has done a very good job of marketing themselves as the standard automotive reference value guide to the financing/banking industry in Canada.Cars that are sold in lower volumes will be much more inaccurate than cars that are sold in greater volumes.That is why the professionals that are in the automotive world do not make buying decisions based on the CBB because they understand the limitations of this guide which only comes with time in the business.An outsider can only get in trouble if the CBB is used as their only source of pricing info as we see with newcomers in our trade.