Kbb blue book vs edmunds

Edmunds also provides an estimate regarding the cars selling price if needed. These men regularly attended dealeronly, local car auctions. Let kelley blue book help you understand a cars 5year cost to own beyond its purchase price when. Kbb offers news articles regarding tips for buying and selling vehicles, among other things. A guy whos interested in buying the car was telling me that kbb. Kelley and edmunds are always high in their prices. Kelley blue book new and used car price values, expert.

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. Salesman indicated that the 15900 was realistic initially. 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. I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. In general, youll find that the kbb values are similar to those provided by edmunds. Kelley blue book new and used car price values, expert car. Kelley publishes more than one price guide for used cars, but. Nada numbers come from the auctions and dealer reports. Get the kelley blue book value for your used car or tradein vehicle, find. We dont have access to how kbb calculates its prices, but at a high level. Kbb, edmunds, and nada are guides to valuing a car. I looked at both the edmunds and kelley blue book estimated dealer costs.

In 1955, three businessmen founded black book in georgia. 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 level. On top of using actual sales, we take into account factors such as a vehicles location, color. They all use the kelley blue book for used car values when trading iin your car or buying a used car. Therefore, the car value the set sometime does not show the current price of used cars. Kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. Initially i went to and saw some very good tradein and private sale value for my 04 prius. People often come to us with questions about pricing from 3rd party sites. Together we reach the most car shoppers and are the most influential brands in the car buying journey. Ultimately, neither the edmunds nor the kelley value of a vehicle is entirely accurate for any particular car. Cox automotive retail solutions covid19 assistance program june update.

Is age or mileage more important when buying a used car. Nada vs kelley blue book nada blue book, nada guide. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Price difference between kelly blue book and edmunds.

Now in adds they will so much off kelley or edmunds. Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995. The kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. 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. Consider condition, particularly maintenance records and any accident history.

Unlike edmunds, however, kelley values generally cater more toward the dealer. Check car prices and values when buying and selling new or used vehicles. It is always lower than the kbb or edmunds price, but then it is a real offer with cash to back it up. Most people think that a lowmileage car is the better deal, even if its 510 years old.

I really dont understand why there is such a variance with blue book. Our values are the results of massive amounts of data, including actual. However, when i went to dealers to get the tradein price, i was shocked to learned that how low dealers were willing to pay. Kelley blue book and edmunds are two of the most well known used. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue book is an irvine, californiabased vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price.

The kelley blue book trade in range shows what a consumer can expect to receive for their car this week when trading it in at a dealer. The origins of kelley blue book date back more than eighty years, when a young car salesman from california, les kelley, began compiling a list of car prices as a tool for helping him evaluate vehicle value. The company is owned by the cox automotive subsidiary of cox enterprises history. Any thoughts on which of these is the most accurate for used car values. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. Acura financing incentives vs kelly blue book price edmunds. Nada guide, black book and kelley blue book compared autoblog. 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. The company began as the kelley kar kompany founded by les kelley in 1918. Kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. See how and autotrader allow dealers to connect with more car buyers. Get used car, truck and suv values with edmunds car value appraisal tool.

If a salesperson whips out a copy of the dealer edition of the kelley blue book and points to one of its retail prices, say to him or her. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Edmunds prices are substantially less than kelly, maybe 20% or so. Edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. As we all know, you often never pay the full msrp and the dealership usually comes down in price. From there, buyers attempt to lower the car price from the level of the kbb. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Nada but, nada is usually used by banks or car dealers to show you an inflated price value. It takes time for kbb to conduct the whole valuation process.

Historically kbb has been very high, which is why its the most quoted by sellers priced below book. But if you check nada that price will be right on nadas or real close. One important factor to consider when buying a new car is its resale value. If used car values are higher in edmunds it might be good for the seller if you can convince a buyer that is what the value is. Therefore, you should never use nada books for real references. What is the difference between nada, kelley blue book, and. Rising to the top of the midsize luxury group this year is the secondgeneration 2019 audi q7. While blue book and black book dont compete directly, blue book does compete with.

Kbb condition rating selected as good edmunds is average which i believe is similar to kbb good, but even bumping up to. All too often, however, the dealer will direct your attention to a printed price guide and often it will be the kelley blue book. Look for the timing belt and water pump being changed its due on age and soon on mileage. However, kelley blue books easily understood pricing graphic also points out. Nada book provides listings and information on a range of vehicles, from new vehicles, motorcycles and atvs, classic cars, boats, and mobile homes. I like the car as it has all the maintenance history but dont want to overpay. Can i realistically get the kelley blue book price. Edmunds in general, youll find that the kbb values are similar to those provided by edmunds. Edmunds and kelly bb are just for consumers so they can get an idea of how to price or buy used vehicles. 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.

Other guides such as kbb or nada edmunds pricing vs. The name itself originates from an old registry which lists those of high society and was named the blue book. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. This can be helpfulor generate confusiondepending on. Edmunds this website offers an appraisal engine that includes five car condition categories compared with kbbs four. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. Get used car values with edmunds car value appraisal tool. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average price. The kelley blue book also gathers its data from a number of different sources.

Kbb high, edmunds low and nada about in the middle. In spite of stiff competition from foreign and domestic players, the q7 emerged as the most well. The most commonly used are the kelly blue book, and the edmunds used price guide. Private parties usually have a higher price compared to tradeins. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to understand your cars. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Negotiating a used car price using edmunds true market. You can also try similar blue book guide like nada blue book or kelley blue book for better blue book value. Every library where i live carries the kelley blue book that the dealers use. Usually, those who use one are also familiar with the other. I am starting my used car buying research on the honda crv with the ex trim years 20032006.