New to this forum and so grateful to have found it.
Quick question. I'm in NY and am in the market for a pre-owned Vespa. I've noticed that many used Vespas here are listed well above KBB valuations. Is that normal? Or a New York thing?
Specifically I was looking at a 2008 LX 150 selling for $3650. That model has a blue book at $2575. So that's around a 40% mark up by my math. Granted it's in great shape with low mileage. But wanted to get y'alls thoughts on this.
Also it's from a dealer. Do we know if dealers typically tend to negotiate on pre-owned prices? Do they set the prices high and come down? I'm curious as to why they'd go so high above KBB.