There are times of year when no matter how low the book is, everyone wants to buy under book. Usually that mood is reserved for parts of November and December. This year it has begun in October and there doesn’t appear to be any reason for things to change much until we get to what we all hope will be a healthy Spring market. Although the book has already dropped substantially over the past couple of months and we feel than many vehicles are well worth the money, getting someone to pay book or over is difficult even if you have a vehicle that is in very good condition but is common in terms of make, model, equipment, and mileage. So be careful out there.
A special word about Daewoo: Because of the uncertainty surrounding General
Motors’ refusal to include North American dealers as part of their purchase
of Daewoo, there are questions about parts availability and warranty coverage
for the vehicles that are on the road. This has, of course, had much affect
on the value of those cars in the marketplace. Although they have dropped significantly
in the book as the public has become more aware of the problem, they are very
unpredictable and we would certainly advise caution in dealing with them. They
are good vehicles and great buys if you have confidence that GM will find a
way to make parts available and honor those 6 year and 60,000 mile warranties.