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Originally Posted by MikeK
How come they don't just go off the blue book value for the car? I thought just about everyone who wanted to know how much a car was worth used that price.
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The DMV is somehow more knowledgable than Kelly or Edmunds.
They have their own list and formulas.
The Edmunds [i]Dealer Retail[i] price for the car, in "good" condition is $4016. So I guess the DMV assumes the car is in good condition and I purchased it from a dealer. A bill of sale from the *actual* price paid has nothing to do with it if it's from a private party sale.
For reference:
Private Party value in "good" condition: $1183, in "average" condition: $1291. This car was somewhere inbetween "good" and "average", but you wouldn't know that unless you check it out mechanically, and drove it. Two things that are totally ignored in the DMV appraisal process.