Posted by Jerry Freeman on March 15, 2002 at 15:38:40:
In my area, they typically sell for maybe 60% of NADA book value. (Book value is more or less equivalent to their “retail” price on your list.) In some parts of the country, they sell for as little as $.20 to $.35 on the dollar. You’ll have to make a lowball bid and get their representative talking to feel out how your area’s office of Greenpoint does it.
Best wishes,
Jerry