Nada blue book was initially designed to list prices strictly for dealerships, while kelley blue book takes local prices, private sales, and auctions into consideration in its price listings. The most commonly used are the kelly blue book, and the edmunds used price guide. The question to consider, however, is what internet source is right. But if you check nada that price will be right on nada s or real close. Looking at a 2006 outback that a neighbor has up for sale. The kelley blue book best buys of 2018 serve to highlight exceptional vehicles in 12 categories, along with an overall winner. Kbb, edmunds, nada, cargurus, carfax, and compare used car prices. Check car prices and values when buying and selling new or used vehicles. Edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Researching boat values can be done online in a number of different ways that are usually free and accurate. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. Nada s or kelley blue book ppt cars powerpoint ation get car values with edmunds black book vs kelly blue trade in. In 1918, les kelley, a businessman from arkansas, founded a car dealership with no more than three model t fords. Can i realistically get the kelley blue book price.
Any thoughts as to which is the most accurate guide besides buyer us edmunds and seller uses kbb. They could be any type of book, from the nada guide, to the famous kelley blue book. Of course carmax and any other dealer is going to offer less than retail for a car. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Is one more accurate than the others, and how would you use them in negotiating the sale or purchase of a car. Edmunds tmv vs kelly blue book subaru forester owners forum. Therefore, you should never use nada books for real references. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. I looked at both the edmunds and kelley blue book estimated dealer costs. Edmunds true market value nada blue book, nada guide. The following article compares nada guide with kbb to help you determine which would help you most in your future sales or purchases, but keep in mind. In the most basic sense, kelley places a large amount of emphasis on mileage, condition, features, and popularity, while nada tends to focus on the vehicles wholesale price i.
You can read more about nada blue book and kelley blue book here. Recently i had a client ask me about kelly blue book and if it should be. It was initially developed to alleviate taxes on automobile sales, and for this reason today it is used primarily by dealerships in regards to new vehicles as opposed to used vehicle sales. If you want to buy used cars, youve got to learn how to use used car price books. The kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. Difference between blue book and black book car values. Kelley blue book s fair purchase price tool is compiled from transactions conducted across the united states.
Nada used car prices, edmunds used car prices, and kelly. A guy whos interested in buying the car was telling me that kbb. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. They will use a number of resources, namely kelley blue book and nada tradein value, but they mainly rely on their years of experience appraising cars. I really dont understand why there is such a variance with blue book. To better understand the current crop of familyfriendly suvs we. When trying to determine the tradeinvalue for my vehicle in fair condition. With other car evaluation companies like edmunds, nada, and black book which often lists lower prices than kbb, it will be hard to convince someone to pay that muchespecially if you. Edmunds and kelly bb are just for consumers so they can get an idea of how to price or buy used vehicles. The primary focus of kelley blue book is on automobiles, but the company also provides values for motorcycles, personal watercraft and snowmobiles. I am starting my used car buying research on the honda crv with the ex trim years 20032006. Kelley publishes more than one price guide for used cars, but the one your dealer is likely to use is the one labeled kelley blue book auto market report official guide, the version of the.
The bottom line, if you like the car, its in good shape, and is comparable to ones in the area, and you like the company youre dealing with, its. Prospective buyers can find tradein, private party, and retail values in a heartbeat. Book kelley blue book nada vs edmunds april 5, 2020. The only truly accurate value guides are the ones that dealers and banks use. They are also lower than the edmunds price guide, and the nada. For 2017 the midsize suv category is overflowing with new and refreshed entries. Nada guides were designed for dealer members of the national automobile. Kelley blue book nada vs edmunds image collections book. Nadaguides vs kelley blue book values nadaguides book value.
If i tried to use online kelly blue book to see a range of values for a 1988 bmw 740 il and then with edmonds. In the small suv category the honda crv emerged victorious. Edges out kelley blue book in online race for car buyers. And, blue book value doesnt mean that is what your car is going to sell for there are market factors that vary the final sales price of a car. Kelley blue book new and used car price values, expert car. Nada but, nada is usually used by banks or car dealers to show you an inflated price value. Ask any used car dealer what the most accurate guide book is and you will likely get very different answers depending on what part of the country you are located in. Car dealers are experts when it comes to deciding a tradein price.
The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a used car. Nada vs kelley blue book nada blue book, nada guide. In trying to decide on a fair price for the accord listed in my signature, im seeing very different results between kelley blue book and edmunds. From used car lots to new car dealers, they all claim to sell cars at or below blue book while buying your tradein well above blue book. Other guides such as kbb or nada edmunds bases its true market value tmv estimations on actual sales transaction data of similarlyequipped vehicles in the same region. When i looked for a z3 last fall, i was surprised variation in book values between kelley, edmunds and nada. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Nada blue book was created in print in 1971 and went online in 2000.
At one time blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, er, all over the lot. Many dealers utilize the kelley blue book guide prices for used vehicles, and dealers and customers negotiate the actual price of a vehicle downward from that. The blue book price is the main tool used for those looking into buying or selling a boat. Kelley blue book values blue book values kbb vs nadaguides. There are various blue book guide like nada blue book or kelley blue book who can provide you an estimated blue book value for your car. The name itself originates from an old registry which lists those of high society and was named the blue book. Kelly blue book is the biggest crock of shit ive ever seen.
Negotiating a used car price using edmunds true market. Unlike edmunds, however, kelley values generally cater more toward the dealer. They have their own book and it is way lower that any of the other books. I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price. Blue book pricing on boats is a tad more complicated than that on automobiles. Whether youre trading your vehicle in at a dealer or. Get used car values with edmunds car value appraisal tool. In 1926, les kelley created the signature kelley blue book. Kelley blue book is heavily used on the west coast, black book in the southeast, and nada is more widespread nationally due to. Nada guide, black book and kelley blue book compared autoblog. It takes a bit of digging but you will find the sweet spot for your purchase or. The kelley blue book is the most popular usedcar buying guide.
The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicles value. I tried to make sure all the options were the same, so dont say depends on the bells and whistles. On top of using actual sales, we take into account factors such as a vehicles location, color. Now in adds they will so much off kelley or edmunds. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Nada pricing is often higher than kelley blue book since the algorithm has a standard that calls for all tradeins to be in very clean condition. The reason for this is that nada assumes the vehicle to be in relatively good condition which in turn has earned kelley blue book the reputation for more accurately reflecting the buyers objective. Get used car, truck and suv values with edmunds car value appraisal tool. Black book vs kelly blue trade in values fremont motor pany. Kelley blue book and edmunds are two of the most well known used. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers.
Keep in mind that nada usually calculates a value that is higher than kelley blue book. Other guides such as kbb or nada edmunds pricing vs. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. When buying or selling a used car, many people rely on the kelley blue book. Kelley blue book kbb is an automotive shopping site. A market approach is a method of determining the appraisal value of an asset based on the selling price of similar items. Kelley and edmunds are always high in their prices.
More qualified to compare prices of used car blue book or black book. This is because the black book receives prices for used vehicles based on 50 weekly auctions. It is our understanding that kelly blue book kbb uses asking price from. The main difference between kelley blue book and nada tradein value is the data they use kelley blue book gathers information to determine pricing by using information from. Usually, those who use one are also familiar with the other. April 2, 2014 january 21, 2016 7,761 kelley blue book used cars value calculator how to easily calculate a cars value april 2, 2014 january 22, 2016 6099 using kelley blue book rv to find the value of a camper. The internet has been touted as the greatest resource for the used car buyer. It is one of many tools used by car dealers to determine car values for their inventory.
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