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. Kelley blue book or kbb is a respected used car price guide often quoted by used car dealers to. That year, bob kelley busters son and his son mike retired from the company, leaving it in the hands of new leaders who kept the famous name and worked hard to maintain the tradition of trustworthy and accurate information. The kelley blue bookand its equally popular web siteis one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Nada guides also provides data to banks, finance companies, insurance companies, and government agencies. Factors used when quoting your motorcycle blue book value. How accurate are kelley blue book car values when selling your car. The true answer to that question is that neither is the most accurate, as the value of you car is truly based on the consumer demand for that product in your particular area. Kelley blue book how accurate is the kelley blue book price when selling a used car privately. While completing research via a service like kelley blue book or can give. The kelley blue book vehicle condition quiz will accurately assess the value of your car for your tax purposes, not the average value of a car like yours. Recently, i learned of the cash for clunkers program, which happened while i was away, but after three years, people still seem to ask at least 150% of blue book, and completed sales on ebay autos show that people are paying more.
How accurate are they and how do they get their numbers. The kelley blue book is the most popular usedcar buying guide. Both resources are ultimately dependable, and similar, though search results could depend on specific vehicles or specific markets. This means that while the market and industry is a roller coaster ride of changes as time passes and time is essential when selling, kelley blue book does not reflect live market. Simply put, the rv blue book values are books of rv evaluation which take into consideration different aspects. The kelley blue book guide to camper values used cars.
Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. The final sales price depends on the cars actual condition and local market factors. Car invoice prices provide useful insight into a dealerships approximate cost for a new vehicle. 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. Auction values the value for what a vehicle is expected to sell for at a wholesale auction based on the vehicles condition. Sep 01, 20 kelley blue book gives users the option to list the condition of the vehicle on a range from excellent to poor, which will adjust the price and value, resulting in a more accurate quote.
The kelley blue book tra dein value is kelley blue books estimate of what a consumer can expect to receive from a dealer for a tradein vehicle assuming an accurate appraisal of condition. Likewise, you should not expect to pay the full kelley blue book value for a car in most cases. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller. While kelley blue book tries to ensure all the information on their site is up to date.
Kelley blue book the kelley blue book is another easily recognized and widely used car valuing online tool. For instance, a used convertable will not be worth much in the winter in new england, where as a fullsized pickup truck is not worth as much in the south with the higher gas prices. In the kbb, you can find values of camper vehicles that are over two decades old. That year, bob kelley busters son and his son mike retired from the company, leaving it in the hands of new leaders who kept the famous name and worked hard to maintain. This site provides values and information on firearms in a convenient online pricing guide format, and allows you to find out what your used guns are worth.
Recreational vehicle pricing guides kelley blue book is an amazing place that collects and preserves prices for all kinds of vehicles. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. For this reason, the kelley value tends to be higher than the edmunds value and also quite a bit higher than what a private seller would charge for a car.
In a sense, the kelley blue book tradein value of a used car is equivalent to the invoice price of a new car, while the kelley blue book retail value is equivalent to the manufacturers suggested retail price on a new car. My 2003 honda pilot with 218,000 miles on it has to go, gas prices have gone up, i dont like driving it, and its just got too many little problems with it. In todays blog post, crossroads ford lincoln takes a look at the accuracy of the kelley blue book and evaluates what kelley blue book value really means. Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods.
Hemmings price guide not as well known but an obvious choice to help you determine that classic car value. Car sellers often turn to kelley blue book to find out how much is my car worth. This is how you properly use kelley blue book to get a real idea of what someone would be willing to pay for your vehicle. Dealers use kelly blue book to establish the value of tradeins as well as comparing numbers to set their lot prices. In this sense, invoice pricing explains the fair market value of a new vehicle in the same way kelley blue book provides fair market pricing information for a used car.
While kelley blue book still publishes a print edition, its online website attracts more than million visits each month. The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicles value. Feb 01, 2016 kelly is one of many blue books the only car you may not be able to buy at book value is one that is very desireable in truly perfect condition with very low milage. Oct 20, 2019 simply put, the rv blue book values are books of rv evaluation which take into consideration different aspects. Kelley blue book values blue book values kbb vs nadaguides. Kelley blue book stayed in the kelley family for three generations until 2000. 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. Private sellers use it as the bible in selling their. 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. Today, kelley blue book offers the irsaccepted fair market value only on its web site through the kelley blue book vehicle condition quiz.
The kelley blue book is a good estimation of what a car might sell for and how much it is worth. The blue book or the nada book is merely a report of what has sold in the last 2 weeks and what it sold for. Can i realistically get the kelley blue book price. Heres a look at just how trustworthy it is plus a comparison with the competition. Since 1926, kelley blue book has been one of the most trusted names in the auto industry.
How kbb set the prices of used vehicles kbb collects the data of current realworld prices from different sources such as dealers, rental fleets, automotive manufactures, private sales, and car auctions. Nov 17, 2014 back to the books, since each of the three value data industry leaders claim to offer the most accurate information and the best deal to buyers and sellers, aol autos decided to investigate by researching the used car values of three different types of vehicles in each of the three books, kelley blue book, black book and the nada guide. The accuracy of kbb varies quite a lot depending on the specific car and market. If kbb is accurate, why are people paying that much over. Kelley blue book new and used car price values, expert. Kelley blue book provides most accurate vehicle values for. Sep 11, 2016 this is how you properly use kelley blue book to get a real idea of what someone would be willing to pay for your vehicle.
You might say we literally wrote the book on car values. Kelley blue book kbb is an automotive shopping site. Oct 07, 20 bluebook car prices arent always accurate because there are a variety of factors that go into calculating a used cars value. While founded in 1926, the beginnings of kelley blue book go back to 1918 when les kelley became a used car. This blue book value price can be used as your guidance for the reasonable market price for used cars with that make, model, year and option. How to use carfax and kelley blue book in buying or. Whether you use the kelley blue book guide or prefer, the book pricing of vehicles can be a little misleading. Kelley blue book regularly updates its motorcycle values to give consumers the pricing. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. If you donate a car to a charitable organization, you must determine its fair and accurate market value based on its condition at the time of the donation. In the most basic sense, kelley places a large amount of emphasis on mileage, condition, features, and popularity, while nada tends to focus on the vehicles wholesale price i. Bluebook car prices arent always accurate because there are a variety of factors that go into calculating a used cars value.
With this video, our main goal is to spread scientific knowledge. Values are presented on several scales, creating an unique price for every situation. May 12, 2020 my truck is kelley blue book value accurate. Both the kelley blue book and black book are generally used when buying a car from a dealership. The kelley blue book for rvs would seem to be the simple way to price your unit. Kelley blue book does not accurately reflect demand. Its a tool, but always compare it to ebay completed sales, craigslist listings, and enthusiast forums they exist for just about every model out there, and almost always have a forsale section. For almost eighty years, nada guides and kelley blue book have served as a guide.
When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. Here is the assessment to know how accurate and reliable kelley blue book. Always remember that your car is only worth what someone is willing to. Oct 01, 2019 kelley blue book regularly receives car prices from wholesale auctions, car dealers, rental fleets, auto manufacturers and private party sales. Finding the blue book value of your new and used firearms, including pistols, rifles, shotguns, airguns, and blackpowder guns is easy with the number one source of gun pricing. For nada rv blue book value these aspects include the make, model and year of the rv. Kbb is one of the top 3 value sources for used vehicles so i would say they are extremely accurate, although miles and condition can have an effect on a vehicle. Today, sellers and buyers around the country use the blue book value. The final used vehicle values are determined by kelley blue book through a proprietary editorial process.
The thing about the nada value book is the fact that it does not include other details like enhancement, additional extras and more. From those, kelley blue book then sets wholesale values based on what are. Nada vs kelley blue book nada guide nada book value. Get used car values with edmunds car value appraisal tool. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. This value will likely be less than the kelley blue book private party value because the reselling dealer incurs the cost of safety inspections. Kelley blue book provides accurate, uptodate information on. Kelley blue book provides the most recent and accurate pricing information for new and used vehicles based on continuously updated data from manufacturers, financial institutions, private party transactions, franchised and independent dealers, and other trusted data sources. Is kelley blue book a reliable method for researching. Ultimately, neither the edmunds nor the kelley value of a vehicle is entirely accurate for any. Back to the books, since each of the three value data industry leaders claim to offer the most accurate information and the best deal to buyers and sellers, aol autos decided to investigate by researching the used car values of three different types of vehicles in each of the three books, kelley blue book, black book and the nada guide. Ultimately, neither the edmunds nor the kelley value of a vehicle is entirely accurate for any particular car. While completing research via a service like kelley blue book or can give you a reasonable idea. Private sellers use it as the bible in selling their personal cars.
Nada blue book does not feature any loan or insurance information on their website. Our values are the results of massive amounts of data, including actual sales transactions and auction prices, which are then analyzed and adjusted to account for seasonality. Kelly is one of many blue books the only car you may not be able to buy at book value is one that is very desireable in truly perfect condition with very low milage. Recently, i had a case where an adjuster was negotiating an inherent lost market value claim based on values and condition descriptions found in kelley blue book. May 02, 2019 you need to understand what the book actually is. Kelley blue book how does it compare to market value. This value will likely be less than what you would receive from a private party sale because the reselling dealer incurs the cost of safety inspections, reconditioning. It uses a sophisticated algorithm to analyze pricing data, historical trends, current economic conditions, time of year, location and industry developments to come up with an accurate value for each. Kbb as its often referred as can also help you with antiques. The vehicle history report that you pull out from carfax can be used to. The amount of inherent lost value, or diminished value or dv as it is common to call. Kelley blue book gives users the option to list the condition of the vehicle on a range from excellent to poor, which will adjust the price and value, resulting in a more accurate quote.
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 help facilitate transactions between buyers and sellers by offering kelley blue book used car value prices. The price doesnt include warranties and other options that may increase the a cars value. It is one of many tools used by car dealers to determine car values for their inventory.
A boats history affects its value check for damage now. Jan 27, 2012 kelley blue book is similar in that it offers target pricing information for used cars. To accurately assess a vehicles fair market value, you must use this quiz, which takes the vehicles engine, options and condition into consideration before assigning a final value to the donated vehicle. Use these tools provided by nadaguides trusted partners to complete your boat shopping experience. 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. 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. Both kelley blue book and the black book claim they offer the most accurate information to best suit their buyers and sellers. Kelley blue book and edmunds kelley blue book and edmunds are two of the most well. Compare real, custom loan offers from multiple lenders in minutes. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. It doesnt adjust its information every second changes occur. Is kelley blue book a reliable method for researching diminished value. Car invoice prices are the most accurate gauge of the fair market value when shopping for a new car.
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