How is my car worth more than I bought it?

I bought a Lexus HS 250 about three months ago. I bought it with 5k miles on it from a dealer using USAA car prices. What I do not understand is I bought the car for 30k and KBB is saying private party for the car is 36k and trade in 34k. Is KBB really that far off, or is their another reason for the crazy values?

3 Answers

Relevance
  • 9 years ago
    Favorite Answer

    That's pretty spot on. Hybrids, especially Toyota's hybrids, have gone up in values by thousands in the past couple of months. We used to have 14 Priuses, and now we have 2.

    I wouldn't be at all surprised if you could sell yours for a profit. I'd definitely look into it.

    USAA rocks, by the way.

    Source(s): I work in the automotive industry, and I'm a USAA member. Yay!
  • 9 years ago

    what the book price is and what someone actually pays for it are 2 different things.

  • 9 years ago

    KBB is that far off.

Still have questions? Get your answers by asking now.