"Average Trade-in" value
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Mountain Pass
Joined: Apr 2004
Posts: 159
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"Average Trade-in" value
Does anyone have any idea why Nada trade-in value would be $2000 more than Kelley Blue Book? I'm working on a trade for a new F-150 and I've been looking at NADA, but the dealership is looking at KBB. Obviously, I'd like the higher of the 2.
Senior User
Joined: Feb 2004
Posts: 387
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From: South Texas
You wouldn't really expect the dealer to look at the higher of the two, now would you??? I have no idea why one would be higher than the other, but I have a really good idea why a dealer would pick the lower!!!!
I've taken my trade around to several dealers, called my credit union and had them value it for me, had it for sale outright, etc...I've got a pretty good idea what it's worth now. Better, I think than just taking one dealers word for it.
If you know anyone that would be interested in buying your vehicle, you can always do an 'in and out' w/the dealership and still save $$$ on taxes.
I've taken my trade around to several dealers, called my credit union and had them value it for me, had it for sale outright, etc...I've got a pretty good idea what it's worth now. Better, I think than just taking one dealers word for it.
If you know anyone that would be interested in buying your vehicle, you can always do an 'in and out' w/the dealership and still save $$$ on taxes.
Lead Driver
Joined: Apr 2002
Posts: 7,746
Likes: 7
From: Tampa Bay, FL USA
If you go to NADA and enter a 2003 Expedition XLT 4x4 w/ 4.6 V8, trailer tow, running boards, and just 500 miles, it will tell you it has a retail value of $28500. I'm selling the same vehicle on my lot right now for $28200- AND IT'S A BRAND-NEW 2004!!
NADA numbers are totally unrealistic when it comes to actual values. Dealers use NADA to justify the price of a used vehicle when they're trying to get a bank to finance it. Kelley Blue Book and Edmunds are much closer to what vehicles are selling for.
NADA numbers are totally unrealistic when it comes to actual values. Dealers use NADA to justify the price of a used vehicle when they're trying to get a bank to finance it. Kelley Blue Book and Edmunds are much closer to what vehicles are selling for.
Senior User
Joined: Mar 2001
Posts: 458
Likes: 0
From: Grande Pradera, TX
A dealer told me that when I buy on X-Plan, I am getting wholesale prices and I should expect my trade-in to be priced at wholesale too. In other words, expect KBB prices.
However, I just traded in my 03 Expedition EB. NADA said it was worth $27k+. KBB said it was worth $23k. It was extra clean so the dealer gave me $26k for it. Since I was buying an 04 Mustang GT, doing the trade-in saved me around $1700 in taxes.
However, I just traded in my 03 Expedition EB. NADA said it was worth $27k+. KBB said it was worth $23k. It was extra clean so the dealer gave me $26k for it. Since I was buying an 04 Mustang GT, doing the trade-in saved me around $1700 in taxes.
