the bank will only lend $13.5K because that is book value on them. $28k is the going rate. Joe, just because you have seen 1 or 2 cheaper doesn't mean that is the market value of the car. Maybe the owner of the car you saw was in distress. A lot of people don't know what they have either. There are a ton of older ppl who have had the car since it came off of the showroom floor. They don't know the market vakue of the car.
If you buy one and insure it, it is also best tthat you get a stated value policy on the car, they will base the premium on your stated value of the car. The insurance co. will try to give you $13k for a Supra as well. We learned our lesson on that when we wrecked our first one. They eventually ended up giving us $26k (we wanted $28 because that's what we paid...but we settled for the $26k), because we were able to prove the market value of the car. It took 3 months to get them to agree with us on the value of the car, but they finally came around and we didn't ven have to get an attorney. That's how clear it was that the market value was way more than the book value.
Why didn't you buy the Evo?
