How reliable are Kelley Blue Book values?

El Camino · 12-17-2007, 01:17 PM

A truck I'm looking at is being offered at $12000 and the KBB "suggested retail" value for excellent condition is nearly $3000 lower than the sale price.

If negotiating a price with the dealer, does the KBB value hold any merit, or will I get laughed out the door?

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Eric SS · 12-17-2007, 01:18 PM

edmunds.com is more accurate IMHO

damn girl · 12-17-2007, 01:19 PM

it depends how much they have in the car (what they took the car in for) sometimes there is more room than others to negotiate.

they will BS you no matter what anyway, just be honest and let them know what you are willing to pay for the truck. If you don't get what you want leave.

Tilapia · 12-17-2007, 01:20 PM

I think dealers use something other than kbb or edmunds. I think it's some pay service?

damn girl · 12-17-2007, 01:21 PM

Quote:

Originally Posted by Tilapia

I think dealers use something other than kbb or edmunds. I think it's some pay service?

ya... it's called their a-hole

hikeeba · 12-17-2007, 01:22 PM

Dealers use the 'black' book. It is set up similar to kbb, but the values seem to be on average $2K lower than kbb. At least that what the diffence seemed to be in cars I've looked at buying and trading.

WRX300 · 12-17-2007, 01:22 PM

Quote:

Originally Posted by Tilapia

I think dealers use something other than kbb or edmunds. I think it's some pay service?

we go by auction values - in particular Manheim Auto Auctions. theres also the NADA guide {'black book' mentioned above}

El - whats the make/model/year/trim of the car I'll post the results

El Camino · 12-17-2007, 01:22 PM

well the vehicle is $11,988 on an internet special price.

KBB values are as follows:

Trade In: $5,875
Private Party: $7,630
Suggested Retail: $9,475

Seems to me like they are way high.

FiveDoorSVT · 12-17-2007, 01:23 PM

All you can do is negotiate.

damn girl · 12-17-2007, 01:23 PM

it really depends on who you know and how bad they are willing to make a deal.

El Camino · 12-17-2007, 01:26 PM

2000 Ford Ranger XLT - 4x4, Extended Cab, non-stepside box
Miles: 115946 (high miles, i know)
Zip Code: 50320

WRX300 · 12-17-2007, 01:27 PM

what size v6?

3.0 XLT
3.0 XLT Offroad
3.0 XLT Sport

4.0 XLT
4.0 XLT Offroad
4.0 XLT Sport

Asinine · 12-17-2007, 01:28 PM

KBB is very reliable.

You can rely on the prices being 10-20% over value.

El Camino · 12-17-2007, 01:30 PM

Quote:

Originally Posted by WRX300

what size v6?

4.0 V6, auto trans.

InvertedB · 12-17-2007, 01:30 PM

No f-ing way would anyone pay almost $12k for that truck. They are on crack.

El Camino · 12-17-2007, 01:32 PM

I'll offer them $7,500 and see what they say.

El Camino · 12-17-2007, 01:33 PM

Quote:

Originally Posted by InvertedB

No f-ing way would anyone pay almost $12k for that truck. They are on crack.

And that's the internet sale price. Regular price is $14k.

Looks like they need to make money on this thing.

WRX300 · 12-17-2007, 01:34 PM

offer them $5k for it see how much they balk. they're either ridiculously upside down in it or ****ing everyone who wants to buy it

damn girl · 12-17-2007, 01:34 PM

Quote:

Originally Posted by El Camino

I'll offer them $7,500 and see what they say.

good... like David Coruso in Jade

El Camino · 12-17-2007, 01:37 PM

Yeah, given the location of the dealership, they are probably upside down in the truck and need to make money on it. I'll offer them $5000 after a test drive. The test drive will probably reveal more that this is certainly not a $14,000 vehicle.

Gondi · 12-17-2007, 01:38 PM

KBB says my Sentra is worth $8000.
It's worth half of that

InvertedB · 12-17-2007, 01:39 PM

They have to be really upside down in that truck. They want more than double the value for it...

Vintage_ · 12-17-2007, 01:41 PM

Quote:

Originally Posted by Eric SS

edmunds.com is more accurate IMHO

IT depends. Edmunds is always lower. KBB is always higher. So, print out Edmunds if you are buying, print out KBB if you are selling.

El Camino · 12-17-2007, 01:42 PM

Ok then, if they are so upside down in it, will they be willing to let it go at its real value and take a loss? Otherwise, they wont move it. Not around these parts they wont.

damn girl · 12-17-2007, 01:43 PM

Quote:

Originally Posted by El Camino

Ok then, if they are so upside down in it, will they be willing to let it go at its real value and take a loss? Otherwise, they wont move it. Not around these parts they wont.

they might be willing to take a loss on it come Dec 31st. They will want to get as many cars on the books as possible for 2007.

12-17-2007, 01:17 PM	#1
El Camino Scooby Newbie Member#: 78760 Join Date: Jan 2005 Chapter/Region: MWSOC Location: Open the door get on Vehicle: the floor everybody walk the dinosaur	How reliable are Kelley Blue Book values? A truck I'm looking at is being offered at $12000 and the KBB "suggested retail" value for excellent condition is nearly $3000 lower than the sale price. If negotiating a price with the dealer, does the KBB value hold any merit, or will I get laughed out the door? * Registered users of the site do not see these ads.

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12-17-2007, 01:18 PM	#2
Eric SS Sooby Guru Member#: 1914 Join Date: Jul 2000 Chapter/Region: SWIC Location: 2013 335i, 2011 G37 coupe Vehicle: 2000 2.5RS w/ EJ22T swap and N20. gone. : (	edmunds.com is more accurate IMHO

12-17-2007, 01:19 PM	#3
damn girl Scooby Newbie Member#: 38557 Join Date: Jun 2003 Chapter/Region: SWIC Location: Phoenix, Az Vehicle: 2006 WRX WRB	it depends how much they have in the car (what they took the car in for) sometimes there is more room than others to negotiate. they will BS you no matter what anyway, just be honest and let them know what you are willing to pay for the truck. If you don't get what you want leave.

12-17-2007, 01:20 PM	#4
Tilapia Scooby Newbie Member#: 42454 Join Date: Aug 2003 Chapter/Region: SWIC Location: AZ	I think dealers use something other than kbb or edmunds. I think it's some pay service?

12-17-2007, 01:22 PM	#6
hikeeba Scooby Specialist Member#: 89165 Join Date: Jun 2005 Chapter/Region: MWSOC Location: SE WI Vehicle: Poop Stuck Survivor -=C=- & subari87 FOREVER!	Dealers use the 'black' book. It is set up similar to kbb, but the values seem to be on average $2K lower than kbb. At least that what the diffence seemed to be in cars I've looked at buying and trading.

12-17-2007, 01:23 PM	#9
FiveDoorSVT Scooby Newbie Member#: 79933 Join Date: Jan 2005 Chapter/Region: South East Location: Birmingham, AL Vehicle: '03 Mazda Protege5	All you can do is negotiate.

12-17-2007, 01:26 PM	#11
El Camino Scooby Newbie Member#: 78760 Join Date: Jan 2005 Chapter/Region: MWSOC Location: Open the door get on Vehicle: the floor everybody walk the dinosaur	2000 Ford Ranger XLT - 4x4, Extended Cab, non-stepside box Miles: 115946 (high miles, i know) Zip Code: 50320

12-17-2007, 01:27 PM	#12
WRX300 Scooby Newbie Member#: 17974 Join Date: Apr 2002 Chapter/Region: MWSOC Location: Chicago	what size v6? 3.0 XLT 3.0 XLT Offroad 3.0 XLT Sport 4.0 XLT 4.0 XLT Offroad 4.0 XLT Sport

12-17-2007, 01:28 PM	#13
Asinine Sufficiently Snarky Member#: 55173 Join Date: Feb 2004 Chapter/Region: MAIC Location: I beat up big rocks Vehicle: with paddles.	KBB is very reliable. You can rely on the prices being 10-20% over value.

12-17-2007, 01:30 PM	#15
InvertedB Scooby Specialist Member#: 82455 Join Date: Mar 2005 Chapter/Region: HIIC Location: Kailua, HI Vehicle: 2006 Saab 9-3 2.0T SportCombi	No f-ing way would anyone pay almost $12k for that truck. They are on crack.

12-17-2007, 01:32 PM	#16
El Camino Scooby Newbie Member#: 78760 Join Date: Jan 2005 Chapter/Region: MWSOC Location: Open the door get on Vehicle: the floor everybody walk the dinosaur	I'll offer them $7,500 and see what they say.

12-17-2007, 01:34 PM	#18
WRX300 Scooby Newbie Member#: 17974 Join Date: Apr 2002 Chapter/Region: MWSOC Location: Chicago	offer them $5k for it see how much they balk. they're either ridiculously upside down in it or ****ing everyone who wants to buy it

12-17-2007, 01:37 PM	#20
El Camino Scooby Newbie Member#: 78760 Join Date: Jan 2005 Chapter/Region: MWSOC Location: Open the door get on Vehicle: the floor everybody walk the dinosaur	Yeah, given the location of the dealership, they are probably upside down in the truck and need to make money on it. I'll offer them $5000 after a test drive. The test drive will probably reveal more that this is certainly not a $14,000 vehicle.

12-17-2007, 01:38 PM	#21
Gondi * Banned * Member#: 161635 Join Date: Oct 2007 Location: SRQ,FL	KBB says my Sentra is worth $8000. It's worth half of that

12-17-2007, 01:39 PM	#22
InvertedB Scooby Specialist Member#: 82455 Join Date: Mar 2005 Chapter/Region: HIIC Location: Kailua, HI Vehicle: 2006 Saab 9-3 2.0T SportCombi	They have to be really upside down in that truck. They want more than double the value for it...

12-17-2007, 01:42 PM	#24
El Camino Scooby Newbie Member#: 78760 Join Date: Jan 2005 Chapter/Region: MWSOC Location: Open the door get on Vehicle: the floor everybody walk the dinosaur	Ok then, if they are so upside down in it, will they be willing to let it go at its real value and take a loss? Otherwise, they wont move it. Not around these parts they wont.