If i want to get someone to come down, i use nada and say look this is what nada says your bike is worth, for the old stuff, this is often way lower than its market value. However, they do have a short criteria for what generally constitutes poor condition. While our vehicle value guides are often referred to as the nada blue book, we are not affiliated with kelley blue book. Get the kelley blue book value for your used car or tradein vehicle, find. New model vs old model new models are always priced higher than the old model no matter what the size also matters, usually bigger rvs are more expensive than the smaller rvs. 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. Therefore, you should never use nada books for real references. Its called nada, or the national automobile dealers association, and they list prices and values for. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. 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.
Black book vs kelly blue book trade in values fremont motor. I looked at both the edmunds and kelley blue book estimated dealer costs. Find out what your car is worth at, the trusted resource for used car values. 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. The kelley blue book price advisor shows you what you should pay for.
As a result, you may need to adjust nada prices down. How dependable is kbb, nada, edmunds, etc for car valuation. When buying or selling a used car, many people rely on the kelley blue book. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. The market value of an automobile as determined by the kelley blue book. Kellys blue book vs nada vs edmunds guide the differences. It also helps you choose the perfect model which suits your style. Dealership new scam, nadablue bookblack book value. Beyond both black book and kelly blue book, another useful tool for figuring out vehicle price is nada. Kelley blue book often misspelled as kelly blue book collects. Whats the difference between the red book and the blue. Kelley blue book collects its information by consistently attending and analyzing results and prices from car auctions.
Those that havent will learn of it soon into their first experience buying or selling a car. Kelley blue book gathers information to determine pricing by using information from car auctions throughout the country. It takes a bit of digging but you will find the sweet spot for your purchase or. While black book is mostly used by dealers, kelley blue book not spelled kelly blue book without the e is mostly used by individuals looking to trade in or sell their vehicles. Often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts. 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.
The nada guide is what most banks use to determine loan to value for auto financing and is updated on a monthly basis. Car dealers are experts when it comes to deciding a tradein price. Industry source of regional, categorized construction information and is available in print and online. Since 1926, kelley blue book has been one of the bestknown names in the auto industry. Blue book value financial definition of blue book value. There are, however, circumstances where a dealer would offer close to the kbb value. What is the difference between black book value and kelly. Car dealers use kelley blue book used vehicle pricing information to set used car prices and values. 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. Search the blue book online and you will find over 800,000 company listings. Apr 15, 2019 kbb motorcycles photograph by nada blue looking up motorcycle values on kelley blue book and nada kbb vintage motorcycle values ladull org kbb vintage motorcycle values ladull org pricing information motorcycles minnesota simply street bikes. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods.
A vehicle in poor condition may require an independent appraisal to determine its value. Kelley blue book and edmunds are two of the most well known used. The blue book value is used as a guideline for car dealers. Kbb motorcycles photograph by nada blue looking up motorcycle values on kelley blue book and nada kbb vintage motorcycle values ladull org kbb vintage motorcycle values ladull org pricing information motorcycles minnesota simply street bikes. Sep 01, 20 nada blue book was initially designed to list prices strictly for dealerships, while kelley blue book takes local prices, private sales, and auctions into consideration in its price listings. Oct 07, 20 the main difference between kelley blue book and nada tradein value is the data they use. When it comes to selling your car, you want the best price you can get, and studies have shown that black book car pricing, on average, are lower than the tradein amounts shown in either the kelley blue book or in the nada and edmunds listings. It helps to have a trusted pricing source on your side.
The black book gives you the current market values wholesale and retail and is updated on a weekly basis. Dealers dont use the blue book, they use the black book, its published much more frequently and much more detail. According to the kelly blue book website, kelley blue book does not attempt to report a value on a poor vehicle because the value of these vehicles varies greatly. The following article compares nada guide with kbb to help you determine which would help you most in your future sales or purchases, but keep in mind. When your at a dealer they like to use the kelly and rate it a excellent when selling off the lot and a fair for a trade. Kelley blue book nada vs edmunds image collections book. In conclusion, kelley blue book is better for buyers who are scouring far and wide, while nada guides is better for buyers who like to err on the conservative side. If the car was a very popular model or in short supply, a dealer would offer a. The most commonly used are the kelly blue book, and the edmunds used price guide. Consequently, the term blue book has become synonymous with vehicle valuation guides. The two most popular guides available are the national automobile dealers association nada and kelley blue book also known as kbb. As a thrifty car shopper, you may have heard dealers refer to a cars blue book value or learned of a reference guide called the black book as you hunted for used car deals. Nada also provides data to banks, finance companies, insurance companies, and government agencies. The lower nada is usually the more realistic, used when buying.
Dealers can use both kelly blue book and nada values depending on their preference. Both can be valuable sources of price data as you approach the bargaining table on your next used car. The main difference between kelley blue book and nada tradein value is the data they use. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. The primary focus of kelley blue book is on automobiles, but the company also provides values for motorcycles, personal watercraft and snowmobiles.
What is the typical loan value for a manufactured home versus the nada value. 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. Check car prices and values when buying and selling new or used vehicles. 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. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information.
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 kbb or kelley blue book, and the nada guide will help you out. 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. Nada numbers come from the auctions and dealer reports. Southern california car salesman roger himmel, combines checking value of a tradein or used car purchase in kelley blue book and the nada guide, then telephoning wholesalers or other dealers to see what the value is to them. 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. The nada guides are 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. Til kelly blue book has been purchased by autotrader used car seller and nada guides has been purchased by j. Kelly blue book is the biggest crock of shit ive ever seen. Three models were used to determine what factors influence the premium over kelly blue book value or. Black book auto value as a thrifty car shopper, you may have heard dealers refer to a cars blue book value or learned of a reference guide called the black book as you hunted for used car deals. Nada vs kelley blue book nada blue book, nada guide. Here is the list of different factors that should be taken into consideration.
Kelley blue book often misspelled as kelly blue book. 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. The more axles the motor home has the higher the possibility that the market value of the rv becomes higher as well. Kelley blue books fair purchase price tool is compiled from transactions conducted across the united states. Much more detailed and encompassing than the blue book, the red book is used by both collectors and dealers on a daily basis. Feb 28, 2020 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. I want to sell an older chev beretta and was wondering. Nada vs kelly blue book general dirt bike discussion. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania.
Is black book car pricing generally higher or lower than blue book values. In my prior experiences, blue book was useless as their trade in value is always too high and no dealers would come. From these qualifications, kelly blue book sets a wholesale price. Banks and lenders use the nada value when giving out loans for vehicles including manufactured homes, so the value should be really similar. 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. But if you check nada that price will be right on nadas or real close. Keep reading below, where youll get 3 easy steps for a proper transaction 1 you can utilize a vehicle guide to properly value your truck. Kelley blue book vs nada guides andy mohr auto indiana. The term blue book is a generic term that has been used for years to describe a periodically issued price list.
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. Kelly blue book will buy your customers tradein, just not at the value they gave your customer. Nada guide, black book and kelley blue book compared autoblog. 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. Eightyone years old, this guide boasts that one out of three people who buy a new or used car in the united states use this service. Nadaguides vs kelley blue book values nadaguides book value 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 bottom line, if you like the car, its in good shape, and is comparable to ones in the area, and you like. Nada blue book was initially designed to list prices strictly for dealerships, while kelley blue book takes local prices, private sales, and auctions into consideration in its price listings. The black book is the wholesale version of the books above and shows relative wholesale values when you sell coins into the. Black book and kelley blue book are both usedcar pricing guides. Usually, those who use one are also familiar with the other.
Til kelly blue book has been purchased by autotrader used. The only truly accurate value guides are the ones that dealers and banks use. But i do believe i give some pretty good reasons why you should use nada over kbb. Those guides are references by many dealerships and buyerssellers in order. But youre more than welcome to watch the video and form your own opinion. 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. Edmunds trade in value of a car fair market value of a vehicle edmunds trade in value of a car rv values nada kelley blue book corvetteforum chevrolet. Nadaguides national appraisal guides and kelley blue book both have a long history. 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. From these auctions, they evaluate the vehicles and rate them based on four grades. Now in adds they will so much off kelley or edmunds. Black book vs kelly blue book trade in values fremont. Dealers use kelly blue book to establish the value of tradeins as well as. Edmunds prices are substantially less than kelly, maybe 20% or so.
Kelley blue book new and used car price values, expert. Kelley blue book values blue book values kbb vs nadaguides. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. Dittoimage sourcegetty images black book and kelley blue book are both usedcar pricing guides. The kelley blue book values are sometimes lower than the nada values since the nada algorithm calls for all tradeins to be in very clean condition. The kelly blue book and nada guide values should be used in unison to come to the most accurate market value of a vehicle. Kelley blue book new and used car price values, expert car. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Black book vs kelly blue trade in values fremont motor pany. In addition, the kelley blue book rv further breaks down the recreational vehicles into its weight, length, and its width. Compare real, custom loan offers from multiple lenders in minutes. 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. 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.