What guide do dealers use for trade in value?

Kelley Blue Book and Edmunds are two of the most well known used car pricing guides in the United States. There is also another: NADA—but, NADA is usually used by banks or car dealers to show you an inflated price value.

What is the most accurate used car value guide?

The Kelley Blue Book—and its equally popular website—is one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Kelley assesses the following values: private party value, trade-in value, suggested retail value, and certified pre-owned (CPO) value.

Do dealers use KBB or NADA?

The Blue Book mainly depends on car auctions to determine pricing while NADA uses actual records collected from retail sales. On the other hand, some dealers see KBB prices as a bit overinflated, leading them to rely more on the NADA guidebook.

Is KBB trade-in value accurate?

Is Kelly Blue Book accurate? The short answer is no. Sometimes it takes a while for the information to get to KBB and reported in their pricing charts. In order to post prices they use an algorithm that takes prices posted on Autotrader which is the most widely used car selling site on the internet (and owned by KBB).

Should I tell car dealer about trade in?

Don’t tell a car dealer about your trade-in Fundamentally, says Bill, “dealerships like to move money around. So it probably also is not in the buyer’s best interest to mention right up front that he or she has a car they want to trade in.

What banks determine car value?

Most banks use NADA values; however, some use Black Book or Kelley Blue Book. Ask whether their LTV percentage is calculated upon the vehicle’s “loan” value, “trade” value or “retail” value.

What is Kelley Blue Book get cash or trade in?

Get Cash or Trade-in Credit. Offer valid for 7 days. 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. Depending on the method of disposal, there actually may be more than one Blue Book Value for the consumer’s car, truck or SUV.

Is there a difference between used car values and Kelley Blue Book?

NADAguides Used Car Values and Kelley Blue Book (KBB) have a long history of providing values to consumers and businesses alike. Both sites calculate values using their own specific methods, which aren’t always widely known. At Kelley Blue Book, we do think there is a difference.

What is the best used car pricing guide?

Kelley Blue Book and Edmunds are two of the most well known used car pricing guides in the United States. There is also another: NADA —but, NADA is usually used by banks or car dealers to show you an inflated price value.

What is the best website to find used car values?

Kelley Blue Book and Edmunds both offer very good general reference information when it comes to current market conditions and price levels for a particular make and model used car or truck. However, the values shown on each website will probably vary by a few thousand dollars.