Kbb blue book vs edmunds

Edmunds also provides an estimate regarding the cars selling price if needed. I consider kbb high and edmunds low on pricing when i sell a vehicle and try for a middle price. Bringing up the edmunds and the nada pricing did nothing as they think the car will sell at their price. 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. Salesman indicated that the 15900 was realistic initially. On top of using actual sales, we take into account factors such as a vehicles location, color. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average 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. 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.

Now in adds they will so much off kelley or edmunds. Edmunds in general, youll find that the kbb values are similar to those provided by edmunds. Usually, those who use one are also familiar with the other. As we all know, you often never pay the full msrp and the dealership usually comes down in price. 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.

I really dont understand why there is such a variance with blue book. Kelley blue book and edmunds are two of the most well known used. Kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. Therefore, you should never use nada books for real references. Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995. 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. Most people think that a lowmileage car is the better deal, even if its 510 years old. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or.

While blue book and black book dont compete directly, blue book does compete with. You can also try similar blue book guide like nada blue book or kelley blue book for better blue book value. 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. Nada book provides listings and information on a range of vehicles, from new vehicles, motorcycles and atvs, classic cars, boats, and mobile homes. 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. Get the kelley blue book value for your used car or tradein vehicle, find. Unlike edmunds, however, kelley values generally cater more toward the dealer. Together we reach the most car shoppers and are the most influential brands in the car buying journey. Private parties usually have a higher price compared to tradeins. Any thoughts on which of these is the most accurate for used car values. Cox automotive retail solutions covid19 assistance program june update. 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. Kelley blue book new and used car price values, expert car. Kbb, edmunds, and nada are guides to valuing a car.

In spite of stiff competition from foreign and domestic players, the q7 emerged as the most well. 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. Get used car, truck and suv values with edmunds car value appraisal tool. Acura financing incentives vs kelly blue book price edmunds. Nada vs kelley blue book nada blue book, nada guide.

But if you check nada that price will be right on nadas or real close. Kelley publishes more than one price guide for used cars, but. This can be helpfulor generate confusiondepending on. Edmunds this website offers an appraisal engine that includes five car condition categories compared with kbbs four. Search the standouts by class or compare your favorites.

Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Kelley blue book new and used car price values, expert. However, kelley blue books easily understood pricing graphic also points out. From there, buyers attempt to lower the car price from the level of the kbb. In 1926, les kelley created the signature kelley blue book. Kbb condition rating selected as good edmunds is average which i believe is similar to kbb good, but even bumping up to. Price difference between kelly blue book and edmunds. 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. The most commonly used are the kelly blue book, and the edmunds used price guide. Find out what your car is worth at, the trusted resource for used car values.

The name itself originates from an old registry which lists those of high society and was named the blue book. They all use the kelley blue book for used car values when trading iin your car or buying a used car. Is age or mileage more important when buying a used car. What is the difference between nada, kelley blue book, and. Check car prices and values when buying and selling new or used vehicles. Kbb high, edmunds low and nada about in the middle. In 1955, three businessmen founded black book in georgia. Nada guide, black book and kelley blue book compared autoblog. One important factor to consider when buying a new car is its resale value. Edmunds, kbb and nada all vary a lot on supposed value of a used vehicle. Rising to the top of the midsize luxury group this year is the secondgeneration 2019 audi q7. See how and autotrader allow dealers to connect with more car buyers. 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.

It is always lower than the kbb or edmunds price, but then it is a real offer with cash to back it up. I have yet to get a kbb price when selling a vehicle and have never bought a vehicle at edmunds price. Kbb offers news articles regarding tips for buying and selling vehicles, among other things. I looked at both the edmunds and kelley blue book estimated dealer costs. Our values are the results of massive amounts of data, including actual. The company began as the kelley kar kompany founded by les kelley in 1918. 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. Get used car values with edmunds car value appraisal tool. Look for the timing belt and water pump being changed its due on age and soon on mileage.

Historically kbb has been very high, which is why its the most quoted by sellers priced below book. 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. Nada but, nada is usually used by banks or car dealers to show you an inflated price value. People often come to us with questions about pricing from 3rd party sites. Every library where i live carries the kelley blue book that the dealers use. It takes time for kbb to conduct the whole valuation process. Initially i went to and saw some very good tradein and private sale value for my 04 prius. When trying to determine the tradeinvalue for my vehicle in fair condition. Kelley and edmunds are always high in their prices. The company is owned by the cox automotive subsidiary of cox enterprises history. Kelley blue book values blue book values kbb vs nadaguides.

Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. I am starting my used car buying research on the honda crv with the ex trim years 20032006. The kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. Nada numbers come from the auctions and dealer reports. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Therefore, the car value the set sometime does not show the current price of used cars. All too often, however, the dealer will direct your attention to a printed price guide and often it will be the kelley blue book. Consider condition, particularly maintenance records and any accident history. Kelley blue book is an irvine, californiabased vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. However, when i went to dealers to get the tradein price, i was shocked to learned that how low dealers were willing to pay.

Negotiating a used car price using edmunds true market. Other guides such as kbb or nada edmunds pricing vs. Can i realistically get the kelley blue book price. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to understand your cars. 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. A guy whos interested in buying the car was telling me that kbb. Edmunds prices are substantially less than kelly, maybe 20% or so. We dont have access to how kbb calculates its prices, but at a high level. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. Ultimately, neither the edmunds nor the kelley value of a vehicle is entirely accurate for any particular car. Edmunds and kelly bb are just for consumers so they can get an idea of how to price or buy used vehicles. The kelley blue book also gathers its data from a number of different sources. In general, youll find that the kbb values are similar to those provided by edmunds. I like the car as it has all the maintenance history but dont want to overpay.