Ultimately, whether its black book or kelley blue book used car values, your tradein value is dependent on several factors including make, model, year, condition, accessories and. However, if youre directly interested in exploring car prices, you can get started with the button below. This kind of big car needs careful research before making the decision to buy one. Can i realistically get the kelley blue book price. Rely on the kelley blue book fair market range for used cars. On the high end, the most expensive car regardless of trends. Kelley and edmunds are always high in their prices. Oct 07, 20 car dealers are experts when it comes to deciding a tradein price. Our valuation experts have done all the calculations for you to show you what you can expect to pay.
Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. Use the average and clean values if your car looks better. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which is typically higher than tradein value. Nada blue book was created in print in 1971 and went online in 2000. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers. Kbb is used more frequently and has been around since 1918, while the black book started in 1955. It is the staple source for the market value of any car. The used car prices black book and blue book values serve different purposes. Since 1926, new and used car buyers and sellers have relied upon kelley blue. Kelley blue book kbb is wordwidely known as reputable valuation company that provides trusted guides of car values. Whats my car worth used car trade in values and resale values. For almost eighty years, nada guides and kelley blue book have served as a guide for establishing price points, helping buyers and sellers fairly negotiate the.
Counting on nada and kelley blue book to know your. 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. It is really easy to find out the value of your motorcycle on kelley blue book. From used car lots to new car dealers, they all claim to sell.
Black book and kelley blue book are both usedcar pricing guides. 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. About kelley blue book values new and used car price. Used car values, price guide and tradein estimator. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. Apr 03, 2014 if you know that your car is badly used and appears old but still safely functional, then use the rough value. From those, kelley blue book then sets wholesale values based on what are called front line as in traffic stopper vehicles, which also includes. Kbb is a multidecade old automobile research company. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. Kelley blue book and edmunds both offer very good general reference. The kelley blue book has become one of the major merchandising devices of modern vehicle selling.
Kelley blue book values blue book values kbb vs nadaguides. Every library where i live carries the kelley blue book that the dealers use. The salesmans list evolved into the kelley blue book. Nada guides often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts and serve as an essential tool during the car buying process. Counting on nada and kelley blue book to know your motorcycle. Kelley blue book is company that estimates the values of vehicles. Unfortunately, the authentic sources those that list actual transaction prices arent available to the public. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. How to use the nada blue book value to estimate the actual value of a used car april 3, 2014 december 9, 2015 james bourland if youre looking for a reasonable tradein value for your car, then your best choice to start with is the national automobile dealers association or nada. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. 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 cannot accurately judge car quality and market pricing yourself. Therefore, you should never use nada books for real references. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers.
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. 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 guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Nada vs kelley blue book nada blue book, nada guide. For almost eighty years, nada guides and kelley blue book have served as a guide for establishing price points, helping buyers and sellers fairly negotiate the value of new and used cars. The blue book is the vehicle information resource used by consumers and the automobile industry to establish price guidelines. Before purchasing a used car, it is necessary for consumers to check the current value of the used car they choose.
However, the blue book also provides figures on new cars and privateparty sales and its rating system on used car conditions is different from the black books. Get used car pricing and explore thousands of car listings at kelley blue book. Kelley blue book new and used car price values, expert. The lower nada is usually the more realistic, used when buying. It is imperative that you compare notes from the nada guide, kelley blue book, and the edmunds car values that are available online just like the nada pricing. Nov 25, 2019 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. Nada numbers come from the auctions and dealer reports. Often referred to as the book value, this phrase usually refers to kelley blue book kbb. It is not only the most important value to dealers, but is the most important value to the consumer as well. Essentially what kelley blue book does is evaluate vehicles and establish. 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. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. What is the difference between black book value and kelly. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania.
What is the best resource for used car values, clearbook. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. How to use the nada guide for determining automobile values. They have been around since 1918, while black book started in 1955. The company is the originator of the term blue book, a book of estimate values of vehicles that dealers and consumer can use when buying and selling cars.
Apr 03, 2014 how to use the nada blue book value to estimate the actual value of a used car april 3, 2014 december 9, 2015 james bourland if youre looking for a reasonable tradein value for your car, then your best choice to start with is the national automobile dealers association or nada. It is one of many tools used by car dealers to determine car. 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. Both books claim to be the more accurate source of used car pricing guides. Kelley blue book kbb is an automotive shopping site. Dealership new scam, nadablue bookblack book value. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses.
Kelley wholesale blue book value, kbb used car invoice. Nada is meant to provide a reasonable perspective of the value of a vehicle but is only an estimate and can be high or low at times. And when we compile used car sale data by brand, the results for mostexpensive used cars is, in some cases, pretty surprising and not so much in others. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. Kelley blue book or kbb is a respected used car price guide often quoted by used car dealers to demonstrate that prices of cars on their lots are fair. Get used car values with edmunds car value appraisal tool. I think kbb kelley blue book is best for purchasing the used vehicle. The kelley blue book gets more traffic when it comes to being used by buyers. Often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts. Nov 17, 2014 kelley blue book often misspelled as kelly blue book collects its information by attending auctions throughout the country where it bases used car evaluations. See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019.
Manufacturers, wholesale auctions, franchised and independent dealers, rental companies and financial institutions are sources for the data used to calculate vehicle prices. The kelley blue book used car value is used on sites like autotrader. Though seemingly similar, the black book and kelley blue book serve slightly different purposes. Kelley blue book gathers information to determine pricing by using information from car auctions throughout the country.
Kelley blue book new and used car price values, expert car. Kelley blue book is heavily used on the west coast, black book in the southeast, and nada is more widespread nationally due to its heavy dependency from financial institutions in regards to loan originations. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. As a result, you may need to adjust nada prices down. The difference between kelley blue book and nada tradein. Find out your cars value with kelley blue book duration. This is because the black book receives prices for used vehicles based on 50 weekly auctions, where they calculate an average, and update that every week. Power although the ratings are only for new cars, the used car search provides dealer pricing based. Kelley blue book how does it compare to market value. 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.
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. Whats my car worth kelley blue book new and used car. Kelley blue book values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most uptodate used car pricing information. They are also lower than the edmunds price guide, and the nada. Most people who have either purchased or sold a used car are familiar with the edmunds used car price guide, the kelley blue book and. Car dealers are experts when it comes to deciding a tradein price. He began creating a list of used cars from used car dealers that he wanted to buy. If you know that your car is badly used and appears old but still safely functional, then use the rough value.
Ever since the mid1900s theyve been providing updates on usednew car and motorcycle prices. Im referring to postsale data from manheim, adesa, and other auctions. The most common of point sources which provides an easy reference for values of different makes and models of motor homes is the kelley blue book. 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.
This is an as is value that does not include any warranties. 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. However, the blue book also provides figures on new cars and privateparty sales and its rating system on used car conditions is different from the black book s. Kelley blue book kbb has been providing new and usedcar valuation expertise for more than 90 years. The final sales price depends on the cars actual condition and local market factors. The fair market range takes into account all the factors that can make used car pricing confusing. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. Similar to nadaguides, values published by kelley blue book rely on a constant flow of pricing information from various industry sources. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. 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. The kelley wholesale blue book value is by far the most used, of kbbs four used car values, by car dealerships, their used car managers and their finance managers. The real value of the bike or car is what someone will give you right nowand theres no way to get that number out of a book. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or selling, and even get a cash offer from a dealer in your. But if you check nada that price will be right on nadas or real close.
In trying to determine an asking price for my car privateparty sale, i got the following values. The blue book rates the condition of a used car as excellent, good, fair or poor. Many people look at the book as the difinitive authority of worth cash value. 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. According to kelley blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side of things. By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. Select up to four vehicles to compare pricing, mpg, specs, pictures, safety features and warranty coverages. Kelley blue book is a company that was founded in 1926. Nada guides vs kelley blue book nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. They all use the kelley blue book for used car values when trading iin your car or buying a used car. Nada guide, black book and kelley blue book compared autoblog. How carmaxs usedcar prices compare to kelley blue book.