I don't think it makes sense to pay more then KBB book value, just because current owner is upside down on what he owes, vs what car is appraised at.

 

However, another thought is to check the NADA book for car value.

 

Not to get off topic but I heard when people do like private sales KBB over prices the cars value then NADA is more in line of the price you should be paying? I can't remember where I heard that at.

I was under the impression that both run on the high side.

I was under the impression that both run on the high side.

 

Check prices on Edmunds, what they call TMV (True Market Value)--usually a lot more realistic on the prices, supposedly based on actual sales.