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Old 07-19-2005, 04:25 PM   #1
ps99115
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Default Which is more accurate- Kelly Blue Book or Edmunds?

Im currently selling my car and I wanted to see which was more accurate- Kelly Blue Book or Edmunds? There is a $1000 dollar difference between the 2 sites for my car with the exact same specs.

Thanks,

Jay
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Old 07-19-2005, 04:29 PM   #2
gregr01
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I've found NADA to be more accurate than either KBB or Edmunds.
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Old 07-19-2005, 05:03 PM   #3
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Well... nothing is accurate until someone is really paying what you expected from those websites.

What I'll do is, get estimations from all those websites, then do an average.
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Old 07-19-2005, 05:08 PM   #4
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Quote:
Originally Posted by gregr01
I've found NADA to be more accurate than either KBB or Edmunds.
that's what I would say too.
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Old 07-19-2005, 05:13 PM   #5
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I trust Edmunds values for all my purchases (new and used).
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Old 07-19-2005, 05:23 PM   #6
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Quote:
Originally Posted by ps99115
Im currently selling my car and I wanted to see which was more accurate- Kelly Blue Book or Edmunds? There is a $1000 dollar difference between the 2 sites for my car with the exact same specs.

Thanks,

Jay
Sell it for the higher price. Then if someone wants $500 off your asking price, go ahead and let them.
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Old 07-19-2005, 05:25 PM   #7
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I've used Edmund's with great success and have found both dealers and private parties know and respect the Edmund's true market values.

****
9-2X Aero Project Car Page: http://9-2x.dynamic-dyno.com
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Old 07-19-2005, 05:27 PM   #8
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Thanks. I checked out NADA and they gave a good average of both KBB and Edmunds.

Jay
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Old 07-19-2005, 06:15 PM   #9
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Quote:
Originally Posted by gregr01
I've found NADA to be more accurate than either KBB or Edmunds.
+1 NADA usually seems more realistic between 'avg trade in' and 'avg retail'... I've seen KBB have as much as 5K diff between those two for their 'top-ranking' of the car, cleanliness wise.

That does not make sense... [insert: Chewbacca Defense]
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Old 07-19-2005, 07:28 PM   #10
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manheim wholesale value, and NADA business value- take the average and that's you typical dealer trade in value.
If you are selling outright- NADA and KBB average seem to be where it is at, but be warey of you actual market value in your area, as both NADA and KBB aren't always the best- in that case you would introduce Edmonds into the equation.
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Old 07-19-2005, 07:33 PM   #11
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Quote:
Originally Posted by gregr01
I've found NADA to be more accurate than either KBB or Edmunds.
working loans at a bank, i will say that NADA blue book is the most accurate. that's what the dealers and banks use. Edmunds and Kelly BB are just for consumers so they can get an "idea" of how to price or buy used vehicles. NADA is really the top source you want to use. and if you're trading, keep in mind that consumer's NADA is a little different from the bank or dealership. Low book or trade isn't what you'll get, but closer to wholesale or about $1000-2000 LESS than low book.
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Old 07-19-2005, 07:52 PM   #12
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The true answer to that question is that neither is the most accurate, as the value of you car is truly based on the consumer demand for that product in your particular area. For instance, a used convertable will not be worth much in the winter in New England, where as a full-sized pickup truck is not worth as much in the south with the higher gas prices. The economy is what really makes or breaks your trade/sale dollar. It's not hard to lose big bucks in your purchase is you don't smart shop to begin with (i.e. a Hyundai isn't worth as much used because that "awesome" 100k-mile warranty is not transferable)

You can use Kbb/Edmunds/NADA for estimates, but make sure that you actually use it for that purpose only. Unless Kelly or Edmunds is going to hand you a check and buy your car from you, don't go die hard on those numbers.

I can say that of the group and the systems by which they determine your car's value; the NADA updates its information every month, where as, Kelly Blue Book only updates twice a year. Edmunds True Market Value is generally in the ball park too.

Also, remember to not over-exaggerate your car's particular value. What that means is the if you're using KBB, for instance, a car with 80,000 miles and somes scratches/dents is never in "perfect" condition, as Kelly even explains that less than 5% of all cars actually fall into that category. Be educated, but don't forget to be realistic as well.
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