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Old 11-04-2006, 09:43 AM
SDTruckMan SDTruckMan is offline
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NADA, KBB, or Edmunds --Used Values?

1. Which is best to use for used car pricing?
Edmunds, Kbb, or Nada?
KBB lists alot of options to check off
NADA hardly has any options to check off
Edmunds is close in options to KBB.

2. Which one do dealers use in figuring out resale value of a vehicle. Whats the secret formula?

3. When I try to figure out the value, Using
NADA- I get "N/A"
KBB - Seems High
Edmunds - is the lowest

However there is about 9,800 difference between KBB and Edmunds. Thats a pretty big spread.

So what should one use when trying to figure out the value of a used vehicle?
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Old 11-04-2006, 10:42 AM
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polarbear polarbear is offline
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Secret formula? Used valuation is art, not science. Given the three choices, kbb and Edmunds are the closest to reality, NADA the furthest away.
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Old 11-04-2006, 10:48 AM
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Quote:
Originally Posted by polarbear
Secret formula? Used valuation is art, not science. Given the three choices, kbb and Edmunds are the closest to reality, NADA the furthest away.
Dealers nationwide have been using KBB for over 70 years.

Kelley Kar Company was at one time the largest used car dealer in the US. They established the BB...not only for values..but for financing information.

For example...in 1937, a 1934 Ford might be worth $250 wholesale and $400 retail...the loan value would be established at 70% of the wholesale figure.

Car financing by banks was not begun till the 1930's...before that dealers carried their own paper.
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Old 11-04-2006, 01:10 PM
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Percys Armory Percys Armory is offline
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Whichever is lower value.
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Old 11-20-2006, 04:36 PM
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BigMike_951 BigMike_951 is offline
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I like Edmunds because it seems more consumer oriented. KBB is used by all the car dealers so I question their motives....
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Old 11-20-2006, 06:28 PM
lwong lwong is offline
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I priced a used '04 Expy for my in-laws this weekend using all 3 sites. The range between lowest and highest was $4000 with edmunds the lowest and kbb the highest. They bought the Expy today for what amounts to a split between the two, about $200 more than the nada value. All values calculated were "dealer retail".
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Old 11-20-2006, 06:28 PM
 
 
 
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