The Kelley Blue Book also gathers its data from a number of different sources. Unlike Edmunds, however, Kelley values generally cater more toward the dealer. However, the Edmunds value generally provides a more accurate price for the customer than the Kelley value does.
NADA Guides – One of the oldest guides, NADA guides were designed for dealer members of the National Automobile Dealers Association (NADA) trade group. NADA pricing is often higher than Kelley Blue Book since the algorithm has a standard that calls for all trade-ins to be in very clean condition.
Potential problems with Blue Book values include a delay as price information is assessed, the consumer tendency to overrate the value of the car they are selling or trading in, and a mismatch between wholesale values listed by Kelley and the prices used by dealers, who access special industry-only pricing info.
Vehicle values are determined by NADAguides analysts through careful review and analysis of vehicle auction and retail sales transactions.
The NADA value is the value of your vehicle based on many different value factors. The NADA guides give multiple values for each vehicle. This depends on whether it is the auction value, trade-in value, private party value, or even the used car dealer price.
Dealerships have to make a profit, so you cannot expect to get a fair Kelley Blue Book price. Even if you do get a fair price on a trade in, you will lose that money on the other side of the deal.
Why CarFax is Not Always Accurate. When buying a used car, it's important to take some precautions so you don't end up with a lemon. Many consumers think a Carfax or AutoCheck report reveals everything that could possibly be wrong with a used vehicle - this is simply not true.
The Kelley Blue Book is a Guide
The prices and information contained in the Kelley Blue Book generally suggest a range of prices that a used car should sell or buy for. This guide usually has two numbers: one for if you buy the car directly from the previous owner, and one for if you buy the car from a dealership.1: Get Your Car's Estimated Trade-In Value
(People sometimes call up the car's "Kelley Blue Book" value.)The Blue Book is a consumer driven book, where drivers can look to see what they can expect to pay or receive for their vehicle. The Black Book on the other hand, is a dealer driven book. The pricing deals with wholesale values and the most up to date car sales.
Research
your car's value, shop around for
trade-in price quotes and be ready to negotiate at the dealership.
Follow these steps to get the best price possible on your trade-in.
- Find the trade-in price.
- Give your car curb appeal.
- Shop your trade-in.
- Negotiate the trade-in price separately.
Many experts believe Edmunds values are more accurate than KBB. NADA pricing is often higher than Kelley Blue Book since the algorithm has a standard that calls for all trade-ins to be in very clean condition. As a result, you may need to adjust NADA prices down.
Cleaning up your car can do wonders for its value, Glover says. “A good detailing job might cost about $50, but it could increase your car's value by several hundred dollars.” A thorough cleaning may help you get the book value for the car, but don't expect to get more for your vehicle than it's worth.
Why Trade-In Values Are Lower
Basically the difference is because there was a dealer in the middle of the sale that needs to make some money, too. As a result, a dealer needs to offer a trade-in value that's below the car's retail value so they can still make some money on it after the reconditioning is complete.Best Resale Value: Top 10 Cars
- Chevrolet Silverado.
- Subaru WRX.
- GMC Canyon.
- Toyota 4Runner.
- GMC Sierra.
- Toyota Tacoma.
- Honda Ridgeline.
- Toyota Tundra.
Actual cash value is calculated by taking the replacement value of a vehicle and subtracting depreciation, or the wear and tear costs that accumulate after purchase. Your insurance carrier will look at several different factors to calculate the actual value of your totaled car, including: Pre-loss condition. Mileage.
While you can price most types of vehicles on Kelley Blue Book online, trailers values can only be found in the print edition of the Kelley Blue Book, which is published twice a year. Your local library or bookstore is likely to carry the most recent copy of the guide or you can order it at Kelley Blue Book online.
Kelley Blue Book does not represent that the invoice price is the price a dealer actually paid for the vehicle.
Who owns Kelly Blue Book?
National Automobile Dealers Association
Dealer NADA car values are different than the consumer car values they offer. Clean Trade-In - If your Ford Escape is in excellent condition, this value is close to what a dealer would offer you if you traded the vehicle in. Clean Retail - This is the retail value of the vehicle if you sold it on your own.
The Black Book is one of the main sources of data car dealers use to set prices for used cars and trade-ins. It specializes in estimating the wholesale value of vehicles, which dealers can use to ensure that they make a profit when buying and selling used cars.
