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Old 12-17-2007, 02:17 PM   #1
El Camino
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Default 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?
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Old 12-17-2007, 02:18 PM   #2
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edmunds.com is more accurate IMHO
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Old 12-17-2007, 02:19 PM   #3
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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.
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Old 12-17-2007, 02:20 PM   #4
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I think dealers use something other than kbb or edmunds. I think it's some pay service?
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Old 12-17-2007, 02:21 PM   #5
damn girl
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Quote:
Originally Posted by Tilapia View Post
I think dealers use something other than kbb or edmunds. I think it's some pay service?
ya... it's called their a-hole
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Old 12-17-2007, 02:22 PM   #6
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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.
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Old 12-17-2007, 02:22 PM   #7
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Quote:
Originally Posted by Tilapia View Post
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
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Old 12-17-2007, 02:22 PM   #8
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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.
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Old 12-17-2007, 02:23 PM   #9
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All you can do is negotiate.
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Old 12-17-2007, 02:23 PM   #10
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it really depends on who you know and how bad they are willing to make a deal.
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Old 12-17-2007, 02:26 PM   #11
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2000 Ford Ranger XLT - 4x4, Extended Cab, non-stepside box
Miles: 115946 (high miles, i know)
Zip Code: 50320
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Old 12-17-2007, 02:27 PM   #12
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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
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Old 12-17-2007, 02:28 PM   #13
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KBB is very reliable.





















You can rely on the prices being 10-20% over value.
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Old 12-17-2007, 02:30 PM   #14
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Quote:
Originally Posted by WRX300 View Post
what size v6?
4.0 V6, auto trans.
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Old 12-17-2007, 02:30 PM   #15
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No f-ing way would anyone pay almost $12k for that truck. They are on crack.
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Old 12-17-2007, 02:32 PM   #16
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I'll offer them $7,500 and see what they say.
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Old 12-17-2007, 02:33 PM   #17
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Quote:
Originally Posted by InvertedB View Post
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.
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Old 12-17-2007, 02:34 PM   #18
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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
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Old 12-17-2007, 02:34 PM   #19
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Quote:
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I'll offer them $7,500 and see what they say.
good... like David Coruso in Jade
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Old 12-17-2007, 02:37 PM   #20
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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.
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Old 12-17-2007, 02:38 PM   #21
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KBB says my Sentra is worth $8000.
It's worth half of that
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Old 12-17-2007, 02:39 PM   #22
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They have to be really upside down in that truck. They want more than double the value for it...
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Old 12-17-2007, 02:41 PM   #23
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Quote:
Originally Posted by Eric SS View Post
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.
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Old 12-17-2007, 02:42 PM   #24
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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.
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Old 12-17-2007, 02:43 PM   #25
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Quote:
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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.
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