Kbb vs nada vs black book

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. But it may be best to look at the canadian black book or canadas red book for a more official list of a cars value since this is what companies handling insurance and banks use. These men regularly attended dealeronly, local car auctions. However, remember these comparisons can change week to week for black book, month to month for the others and definitely region to region. 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.

But i do believe i give some pretty good reasons why you should use nada over kbb. Dec 17, 20 when you trade in your current vehicle for a new vehicle, the amount your tradein is worth depends on the cars wholesale value. Nada guides vs kelley blue book book for motorcycle valuations. The reason for this is that nada assumes the vehicle to be in relatively good condition which in turn has earned kelley blue book the reputation for more accurately reflecting the buyers objective. Black book used car values kelly black book nadaguides. Both the black book and the kelley blue book can help in. Kelley blue book and nada are both reliable sources of vehicle pricing and value. For over 40 years, kelley blue book has been the trusted resource for motorcycle values and pricing. The automotive black book is another valuation system for valuing cars.

As a result, you may need to adjust nada prices down. Tacomas 20052015 started by southgaboy, dec 25, 2018. Since the three main consumer guideskbb, and nadause different algorithms. I use the kelley blue book and the black book for used car valuation. The lower nada is usually the more realistic, used when buying. Canadian black book provides free car values, new and used car prices, and vehicle listings. Kelley blue book how does it compare to market value.

Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. This means that the ability to write new posts and access various member features will go away. Black book auto value by sarah brumley the kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. They have been around since 1918, while black book started in 1955. Kelley blue book regularly updates its motorcycle values to give consumers the pricing. The used car prices black book and blue book values serve different purposes. Kbb vs nada vs edmunds at some point during the month of august the roadfly forums are going to become archive only. In 1926, les kelley created the signature kelley blue book. Unfortunately, the authentic sources those that list actual transaction prices arent available to the public. Shop new and used cars and get financing in minutes. Nada blue book does not feature any loan or insurance information on their website.

Nadaguides vs kelley blue book values nadaguides book value. Kelley blue book is more for the consumer to get a hold of the information. Kelley blue book vs nada guides kelley blue book and nada guides are perhaps the top two automotive references in the industry. Kelley blue book gathers information to determine pricing by using information from car auctions throughout the country. Spread the love compare prices of used car which is preferred blue book or black book. Kelley blue book vs nada guides andy mohr auto indiana. Is black book car pricing generally higher or lower than blue book values. 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. Apr 21, 2008 kbb s website allows you to do either private sale, or trade in, and its always higher than nada.

But youre more than welcome to watch the video and form your own opinion. Nada s or kelley blue book ppt cars powerpoint ation get car values with edmunds black book vs kelly blue trade in. Both the guides serve buyers and sellers with lots of vehicle types, price calculation, and also vehicle values according to the proprietary methods. If you arent sure how to figure out your vehicles wholesale. Autogravity has transitioned into a new business and is focusing on car subscriptions the new wave of car ownership.

Dealers can use both kelly blue book and nada values depending on their preference. Consumers are apt to run across black book values only when they sell their cars to vehicle resellers. Im referring to postsale data from manheim, adesa, and other auctions. I looked at both the edmunds and kelley blue book estimated dealer costs. How dependable is kbb, nada, edmunds, etc for car valuation. Dittoimage sourcegetty images black book and kelley blue book are both usedcar pricing guides. Be aware that insider guides like manheim or black book tend to show. Ultimately, as has been said, you need to be comfortable and happy with the price your paying. Black book vs kelly blue trade in values fremont motor company kelley blue book vs nada the ultimate guide to vehicle pricing 2007 harley davidson flhx street glide s and values nadaguides 2018 suzuki gsx250r kelley blue book 36 kelley blue book motorcycle values 9ffuae nada guide black book and kelley blue compared autoblog. Edmunds prices are substantially less than kelly, maybe 20% or so. Kelley blue book nada vs edmunds image collections book. Nada guides and kelley blue book have an extensive history in providing organizations and customers with accurate vehicle pricing and information. Kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. There are, however, circumstances where a dealer would offer close to the kbb value.

Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Therefore, you should never use nada books for real references. The difference between kelley blue book and nada tradein. Often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts. In 1955, three businessmen founded black book in georgia. The kbb also creates its estimates based on auction data, but it focuses more on the retail and private party resale value of cars than the black book. They help buyers, sellers, dealerships, and just about everybody else to better understand what a fair price is and is not. If you run them all, you will also see the prices do vary, and sometimes very significantly. Both are not really of much value without experience however. Reese has never heard of it and wonders if its another gotcha from the dealer. Nada guide, black book and kelley blue book compared autoblog.

Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers. Kbbs website allows you to do either private sale, or trade in, and its always higher than nada. What is the best resource for used car values, clearbook. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. More qualified to compare prices of used car blue book. This is because the black book receives prices for used vehicles based on 50 weekly auctions, where they calculate an average, and update that every week.

If you have recently decided to trade your car in or purchase a used car then you. Instead, many rely on national auto researchs black book or the manheim market. Kelley blue book values blue book values kbb vs nadaguides. Sep 01, 20 kbb provides information and links for automobile insurance and loans. Mar 23, 2018 studies indicate that the kelley blue book provides lower pricing the black book car pricing. Nada book provides listings and information on a range of vehicles, from new vehicles, motorcycles and atvs, classic cars, boats, and mobile homes. Feb 26, 2019 so you want to know how much your car is worth. Nadaguides national appraisal guides and black book values offer vehicle valuation services based on a proprietary collection of data points and professional market analysis.

Almost all of the northeast us dealers use galves paid subscription only. We use black book commercial index, and it is very accurate in regard to auction and trade prices. 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. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Keep in mind that nada usually calculates a value that is higher than kelley blue book. Black book is only available to industry qualified user through subscription. 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.

Canadian black book value nada blue book, nada guide. Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. Nov 17, 2014 however, remember these comparisons can change week to week for black book, month to month for the others and definitely region to region. Autotraders car valuation tool can help you find the kelley blue book value of the car you would like to sell and give you a suggested car price. For example, in an earlier study, black book data showed lower wholesale values than the nada guide, but higher than the kelley blue book numbers. Suspect it may be because on kbb, you have to input. You can analyze the shit out of some numbers but who wants to waste too much of. The real value of the bike or car is what someone will give you right nowand theres no way to get that number out of a book. 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. 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. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell.

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 originations. Nada vs kelley blue book nada blue book, nada guide. I have a acura tsx and they have a very good resale value. People often come to us with questions about pricing from 3rd party sites. What is the difference between black book value and kelly blue book value. And theres another bookthe nada bookwhich is the yellow book thats out. Many people look at the book as the difinitive authority of worth cash value.

Without any doubt, used car buyers use either black book or blue book to compare used car prices. Local dealer sent a letter offering black book plus 20%. The nada guide is what most banks use to determine loan to value for auto financing and is updated on a monthly basis. They are also lower than the edmunds price guide, and the nada. Both can be valuable sources of price data as you approach the bargaining table on your next used car. The name itself originates from an old registry which lists those of high society and was named the blue book. The kelly blue book and nada guides are in my opinion more for the consumer and private sales.

Oct 07, 20 the main difference between kelley blue book and nada tradein value is the data they use. The kelley blue book is the most popular usedcar buying guide. Mar 02, 2020 the kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. Kelley blue book was founded in 1926 and is the most recognizable guide to consumers and car buyers. Dealership new scam, nadablue bookblack book value. Nov 25, 2019 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. Nadaguides vs blackbook values nadaguides book value. Canada has also their version of americas kelley blue book but with slight difference in content. If you dont have access to this, the best way is to average the values from nada, kbb, and edmunds.

Learn about kelley blue book, edmunds,the black book, n. The kelley blue book gets more traffic when it comes to being used by buyers. If the car was a very popular model or in short supply, a dealer would offer a better trade in price. Some dealers have what they call their black book, that i believe is a wholesale dealer value guide, which is always low because they want to maximize their profits at your expense. 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. Both the kelley blue book and the black book provide tradein and retail values on used cars. 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. They only offered me half of kelley blue book they have my same care listed for double what they wanted to pay me. You can use kbb, nada, edmunds, black book, andor whatever other resources to try and determine a fair purchase price.

Mar 06, 2016 you can use kbb, nada, edmunds, black book, andor whatever other resources to try and determine a fair purchase price. Listed automobiles are appraised, and market values assigned. 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. 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. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. In my prior experiences, blue book was useless as their trade in value is always too high and no dealers would come. The black book is what most dealers use when purchasing vehicles at the auction and also to evaluate your trade in.

Reese in oklahoma went to trade in his truck and was told by the dealer that they use the automotive black book. I went to carmax to get a appraisal and was very disappointed. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. Jun 14, 2018 bike is a stock 2011 black tourist with 78kms with a spare tire, sidecar windshield, pump, tool roll, no sidecar cover and no owners manual. The kelley blue book and black book are both price guides for used vehicles, but theyre used in radically different ways. Nada pricing is often higher than kelley blue book since the algorithm has a standard. What is the difference between black book value and kelly. For that reason, it would be wise for a dealership to at least consider kbb s retail, tradein, and fair purchase price values on each vehicle they appraise. Betterment vs wealthfront betterment vs vanguard wealthfront vs vanguard. 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.