Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Feb 28, 2020 the kelley blue bookand its equally popular websiteis one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Edmunds prices edmunds car values edmunds car prices. Any thoughts as to which is the most accurate guide besides buyer us edmunds and seller uses kbb. However, when i went to dealers to get the tradein price, i was shocked to learned that how low dealers were willing to pay. Looking at a 2006 outback that a neighbor has up for sale. You can read more about nada blue book and kelley blue book here. Are the true market values on edmunds or truecar reliable. Therefore, you should never use nada books for real references. Nada guide, black book and kelley blue book compared autoblog. The kelley blue book price advisor shows you what you should pay for. Kbb and edmunds are both pretty fair in terms of realworld value, but you have. Knowing your tradeins value before you visit your new car dealer is essential.
Im looking for a used sequoia 20012004, and the asking prices in my local area both dealer and private party are waaay over the tmv prices. Jul 07, 2016 in my professional opinion truecar absolutely is an excellent pricemarket guide from the consumer standpoint. The last guidebooks published by edmunds were released in 2006, since then edmunds has relied on a comprehensive website for publishing car prices. From there, buyers attempt to lower the car price from the level of the kbb. Edmunds true market value tmv pricing system helps you determine the average transaction price, or what others are paying, for new or used vehicles in your area so that you can begin your negotiations with a fair price in mind. 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. Kelley blue book new and used car price values, expert car. Edmunds tmv vs kelly blue book straight dope message board. If you dont know how the industry appraises cars, you wont be able to effectively negotiate your current cars appraisal value. Kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. Based on actual sales data, tmv is a guide to what other people in your area. The kelley blue book price is a trademarked car valuation from kbb. Edmund disagreeing on cars i own sometimes by fairly large amounts. Edmunds members cars and conversations page 1763 car.
Many experts believe edmunds values are more accurate than kbbs. Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. Nov 06, 2012 finding true market value using edmunds. Why are kelly blue book prices so much higher than edmunds. Edmunds bases its true market value tmv estimations on actual sales transaction data of similarlyequipped vehicles in the same region. Kelly blue book and edmunds tmv, is it reliable yahoo.
Edmunds tmv vs kelly blue book subaru forester owners forum. Edmunds true market value tmv pricing is a powerful tool that helps you identify a good deal on a new or used car. The only truly accurate value guides are the ones that dealers and banks use. Get the best deals on used cars for sale near you edmunds. Kelley blue book new and used car price values, expert. 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. The 2018 honda crv offers two engine choices, though both are tied to trim level. The kelley blue book and its equally popular websiteis one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Whats the recommendation in terms of knowing whats the right price for a used car.
Truecar in and of itself is imo the most accurate guide for buying new and used vehicles, however they dont offer market guides in the. Kbb or edmunds tmv in buying a used car from private party. Kelly blue book is the biggest crock of shit ive ever seen. Regardless, the kbb is more dealeroriented, and is used by dealers to set an average price. Theyre all terms used to describe the estimated market. By compiling car prices from dealers across the nation, edmunds tmv has taken the work out of doing the research himself. What is the difference between nada, kelley blue book, and. Truecar in and of itself is imo the most accurate guide for buying new and. Edmunds true market value nada blue book, nada guide. As for the edmunds price for the contour, if the cars in outstanding edmunds true market value tmv is our exclusive system for calculating what others are paying for new and used vehicles. Check car prices and values when buying and selling new or used vehicles.
What do dealers really mean when they refer to the blue book price. Get used car, truck and suv values with edmunds car value appraisal tool. Whether youre trading your vehicle in at a dealer or. Kelly were too cautious about value of my 2012 328i wagon, also by at least a couple of grand.
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. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. Kellys blue book vs nada vs edmunds guide the differences. Find out what your car is worth at, the trusted resource for used car values. 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. Dec 12, 2007 i am trying to buy a used car from a private party. Why wont car dealers match truecars true market value, edmunds or kbb values. And if the dealer says that kelley doesnt publish those values, ask him to tell you the dealer retail true market value for the car. 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. Price difference between kelly blue book and edmunds. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. Learn about kelley blue book, edmunds,the black book, n. When i look the car up on edmunds, and put in all the specific information, including location, mileage, color, features, year, etc. It offers a free service that makes it simple for buyers to find the true market value.
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. Autoblog explains the difference between the nada guide, black book. Edmunds was lowballing my old 2008 sti in 2012 by as much as 5 grand 18k vs. I was at a car lot today looking at a 2003 nissan altima with 168,000 miles on it. Kelley determines blue book values by analyzing pricing information from. Based on actual sales data, tmv is a guide to what other people in your area paid for the same car. How dependable is kbb, nada, edmunds, etc for car valuation. While edmunds no longer publishes vehicle values in print, the company does currently offer a highly rated advice book s strategies for smart car buyers. The kbb is a similar price guide to edmund s, in terms of its extensive resources to gauge car prices. Since cars generally sell for less than the asking price, edmunds prices are lower. Dec 28, 2010 im just curious because i see people sell their cars by the kbb and edmunds tmv prices and then other people try to sell their cars way higher than the kbb and edmunds prices and their reason for that is because the private party price is too low or it doesnt reflect the true value of their car the car would obviously have no significant modifications or anything like that. Get the kelley blue book value for your used car or tradein vehicle, find. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. It helps to have a trusted pricing source on your side.
Is tmv way to low, or should i make a significantly lower offer. Apr 02, 2014 its always a good idea to find the true market value of a car and edmunds is a great place to do so. The bottom line, if you like the car, its in good shape, and is comparable to ones in the area, and you like the company youre dealing with, its a good deal. Ive never really believed the prices kelly blue book gave, since they always seemed hella overinflated. Kellys blue book vs nada vs edmunds guide the differences in blue book automotive price guides by i dint submitted on may 10, 2009 youll always feel more confident that you got the best value when selling or buying a car if your entire transaction costs are near the average amount buyers in your area usually pay for the same manufacturer. When buying a used car, its usually hard to know what a fair price is. 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.
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. Nada used car prices edmunds used car prices and kelly blue book used car. Edmunds tmv tool will show you what you can expect to pay for the vehicle, depending on whether the seller is a private party or a dealership. I have tested edmunds tmv data with couple of other sources for 30 cars in. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Boat prices and values research new and used boat pricing, specs, photos and more for anything from power boats to personal watercraft start here. Truecar in and of itself is imo the most accurate guide for buying new and used vehicles. The kelley blue book is the most popular usedcar buying guide.
The kbb says the price is 3,750, while edmunds tmv gives me a much lower price of 2,200. Ive compared edmunds s tmv to kelley blue book and the difference in price is confusing kbb. How accurate is edmunds s true market value tmv on used vehicles. Tmv will give you the confidence to go eyeball to eyeball with the salesman while the invoice price and the sticker price define the low and high end of the.
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. Tutorial on how to find the tmv of cars youve chosen to research. When buying or selling a used car, many people rely on the kelley blue book kbb. If youre buying they will show you the kellys blue book which runs high so you think youre. 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. Negotiating a used car price using edmunds true market value. Im currently selling my car and i wanted to see which was more accurate kelly blue book or edmunds. Kbb prices are based on listadvertisted prices, whereas edmunds tmv is based on sales transaction data. Many people use this term, along with black book or edmunds tmv. Get used car values with edmunds car value appraisal tool. Both searches were done with comparable conditions and for private parties. All rights reserved 2020 privacy policy how to find free stuff.
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