Recreational vehicle pricing guides, however, can mislead you. When people came to buy it they would not offer over 4k because of edmunds, almost 2k below blue book. Kelley blue book doesnt provide a similar value for used cars, because there is no practical way to track used car sales. Kelley blue book says that of the cars it values, 3 percent are excellent, 18 percent are fair, 23 percent are very good and 54 percent are good. Decide if you are trading in or selling us your vehicle. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide.
Apr 02, 2014 how to use the kelley blue book kbb to find values of used cars. And edmunds provides you with the tools in order to determine your cars tradein. 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. 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. It has been providing tractor blue book information for more than 75 years. If you are selling outright nada and kbb average seem to be where it is at, but be warey of you actual market value in your area, as both nada and kbb arent always the best in that case you would introduce edmonds into the equation. The kelley blue book also gathers its data from a number of different sources. One reason is that kbb has a longer lag time in receiving information and giving the most current pricing. Every library where i live carries the kelley blue book that the dealers use. By using data collected from the dealership, kelley published the companys first blue book in 1926, which became a standard guide in automotive trade in determining car value. Jan 28, 2020 motorcycle blue book value is an indication of how much a preowned motorcycle is worth between private parties. Our values are the results of massive amounts of data.
Many experts believe edmunds values are more accurate than kbbs. Nada guides is a comprehensive vehiclelisting website that publishes blue book type specifications, research material, and pricing information on boats and personal watercraft as well as other types of vehicles. This is due to the fact that each site uses different algorithms when determining an average price for the vehicle. Com on kelley blue book and used vehicle price guides in general. The wholesale blue book value and the manheim market report. Many dealers utilize the kelley blue book guide prices for used.
For example, when comparing tradein values for a 2010 jeep liberty sport fourwheel drive vehicle with standard equipment, 100,000 miles, in good overall condition, the three sites return different values. While there are many resources that you could use to find a motorcycles private party value, kelley blue book and the national automobile dealers association nada have become the industry leaders. This is a reprint of the first in an occasional series from edmunds. Keeping in mind that there are a number of factors that go into determining how much a classic car is worth, the blue book value is great for finding a. Motorcycle blue book value is an indication of how much a preowned motorcycle is worth between private parties. The company began as the kelley kar kompany founded by les kelley in 1918. The kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. When trying to determine the tradeinvalue for my vehicle in fair condition.
Mar 08, 20 boat values kelley blue book, the kelley blue book as lower tradein values compared to edmunds. How to use the kelley blue book kbb to find values of used cars. His younger brother, buster, worked with kelley as a lot boy. New and used motorcycles kelley blue book new and used. Suggested retail values represent kelley blue books estimated dealer asking price. Boat values kelley blue book boat values kelley blue. Nada but, nada is usually used by banks or car dealers to show you an inflated price value. In 1993, the company started to provide blue book pricing information to the public. The two most popular and most reputable are the kelley blue book and the n. Apr 02, 2014 the reason kelley blue book lists tradeins for less.
However, the blue book pricing information that dealers purchase provides prices that differ from what you as a consumer will find on the kelley blue book website. Nada guide, black book and kelley blue book compared autoblog. 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. Check car prices and values when buying and selling new or used vehicles. Nada guides boat pricing is available from nada guides. Somehow, nada guide and kelley blue book are two pricing guide companies that are most preferable in knowing use cars values.
Kelley started the company with three model t fords. Boat values kelley blue book boat values kelley blue book. Kelley blue book new and used car price values, expert car. Jan 10, 2020 the kelley blue book for rvs would seem to be the simple way to price your unit. Unlike edmunds, however, kelley values generally cater more toward the dealer. The kelley blue book is the most popular usedcar buying guide. Sites like kelley blue book or edmunds are good examples of resources that can help you with your estimation. Nada guides also provides data to banks, finance companies, insurance companies, and government agencies. Kelley blue book automobile buyers guide boats and trucks built in the.
They all use the kelley blue book for used car values when trading iin your car or buying a used car. Step by step directions to check the used boat value of a 1960 chris craft aft cabin 32 published by nada guides. The sedans, coupes, hybrids and sport utility vehicles all receive noteworthy mentions, with the top. See what consumers and kbb experts say, plus get free access to s fair purchase price. Kelley and edmunds are always high in their prices. As a side note has that same car in outstanding condition at a. 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. The reason kelley blue book lists tradeins for less. The kelley blue book guide to camper values used cars and. In general, youll find that the kbb values are similar to those provided by edmunds. Nada numbers come from the auctions and dealer reports.
Why are kelley blue book used car values often lower than. In 1918, les kelley, a businessman from arkansas, founded a car dealership with no more than three model t fords. The final sales price depends on the cars actual condition and local market factors. The tractor blue book value is a general term used in the tractorbuying business. The name itself originates from an old registry which lists those of high society and was named the blue book. Tractor blue book tractor blue book values, blue book. 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. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. Basic factors to know in identifying the price of a used car.
Mar 11, 2020 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. This vital blue book determines the price of what dealers are willing to pay for a used tractor. Keeping in mind that there are a number of factors that go into determining how much a classic car is worth. Whether youre trading your vehicle in at a dealer or. This will put you in a better bargaining position, and a better chance of getting the most value out of your car. Kelley blue book gushes over lexus, for its consistently high resale values, year after year. In a certain case, we also wonder how do dealers determine the value of a car. How do i use kelley blue book to determine the value of an. This is an as is value that does not include any warranties. The data allowed them to estimate the current market value of used cars to be purchased and sold. When it comes to properly appraising a car, many insurance companies and classic car collectors rely on the kelley blue book values to help them get a good understanding of how much their car is worth. 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. About kelley blue book values new and used car price. First, estimate the value of your car without repairs.
Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Get used car values with edmunds car value appraisal tool. Why is edmunds so much lower than kelley blue book. Dealers use kelly blue book to establish the value of tradeins as well as. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. Get used car, truck and suv values with edmunds car value appraisal tool. Traditionally dealers have relied upon black book for determining how much they should pay for tradeins. You can read more about nada blue book and kelley blue book here. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average price. Recreational vehicle pricing guides kelley blue book is an amazing place that collects and preserves prices for all kinds of vehicles. From there, buyers attempt to lower the car price from the level of the kbb. Because each company uses a proprietary formula to calculate the value of the vehicle, you should compare pricing provided and refer to how each company calculates their blue book pricing when assessing the value of your car.
Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Boat values kelley blue book, the kelley blue book as lower tradein values compared to edmunds. The kelley blue book guide to camper values used cars. The most commonly used are the kelly blue book, and the edmunds used price guide. Ppl believes rv prices should be based on actual selling prices and comparisons to other rvs on the market. In the kbb, you can find values of camper vehicles that are over two decades old. 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. Mar 23, 2018 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. Edmunds true market value nada blue book, nada guide. Select the weber location beneath your preferred source. 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.
But if you check nada that price will be right on nadas or real close. Jun 30, 2019 one reason is that kbb has a longer lag time in receiving information and giving the most current pricing. While there are many resources that you could use to find a motorcycles private party value, kelley blue book and the national automobile dealers. Well say for this example that the repair will bring the value of your car up to. Prices tend to differ for tradeins when comparing edmunds to kelley blue book. Nada guides is a comprehensive vehiclelisting website that publishes bluebook type specifications, research material, and pricing information on boats and personal watercraft as well as other types of vehicles. Kelley blue book new and used car price values, expert. Now in adds they will so much off kelley or edmunds.
Edmunds is preferred by many experts out there, but sometimes edmunds prices are skewed, and therefore, not the most realistic price offerin. How to use the nada blue book value to estimate the actual value of a used car. Car blue book kelley blue book, nada guides and provide free used car values online. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. Dealerships seldom go by the kbb trade in value kelley blue book for cars when you bring your car in to sell or trade it in for another vehicle. Usually, those who use one are also familiar with the other. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Click on the topics below for more information about appraising and selling your unit. If you have experience valuating other vehicle types, youre probably used to heading to the kelley blue book or edmunds to get a sense of what your car or truck is worth, so you may be wondering. 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. Mostly, dealers do not refer to edmunds in determining the value of used cars in order to know the trade in value of the vehicles.
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. Are the true market values on edmunds or truecar reliable. Kelley blue book values blue book values kbb vs nadaguides. The kelley blue book, which coined the term blue book, is the original source for determining the loan value on used tractors. In this case, kelley blue book applies its 75 years of car appraisal experience to determine prices. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association.
I submit to use kelly blue book as they offer the most comprehensive and accurate guide for marketbook values for vehicles retail, wholesale, and trade in values. If you want to compare it to edmunds values, kelley blue books very good would be our outstanding, good would be our clean, and fair is our rough. Many of these sales are between private individuals, so kelley has no way of knowing actual selling prices. In 1926, les kelley created the signature kelley blue book. There are various blue book value providers like nada blue book and kelley blue book which can suggest you better blue book value for your used car. 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. We dont have access to how kbb calculates its prices, but at a high level. Quite possibly the most popular and most cited vehicle reference manual available, the kelley blue book lists the value of atvsyou just have to look under the motorcycle heading atvs dont have their own heading mainly because theyre too small a category on their own. Kelley blue book classic car values whats my car worth. They publish blue book boat prices online for years 1960 to 2020. The kelley blue book for rvs would seem to be the simple way to price your unit. 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. Canadian black book provides free car values, new and used car prices, and vehicle listings.