KBB vs NADA book value...?
09-09-2004, 02:19 AM
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KBB vs NADA book value...?
While checking out some private party selling prices, (I'm looking for a nice FRC) I noticed a rather large difference between the Kelly Blue Book and NADA book values. The KBB prices were MUCH lower than the NADA. (by about $5,000..!) Does anyone have any insite as to why this is? 
09-09-2004, 09:51 AM
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I've always heard that the NADA book was more of a Bankers book! 
09-09-2004, 10:30 AM
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NADA is a conglomeration of all sales of a particular vehicle in a given area. They show larger than normal value as most dealers mark up your trade to show new car purchase at full retail, thus showing potential lenders there is more equity in the trade and thus the deal. Its all a numbers issue, but NADA is always more than normal or true value.
09-09-2004, 11:40 AM
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Originally Posted by Daniel90conv
While checking out some private party selling prices, (I'm looking for a nice FRC) I noticed a rather large difference between the Kelly Blue Book and NADA book values. The KBB prices were MUCH lower than the NADA. (by about $5,000..!) Does anyone have any insite as to why this is?
09-09-2004, 11:46 AM
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Originally Posted by drcoffee
It gives dealers a way to give the least on trade in and get the most on re-sale without looking like a hypocrite. 
BTW - I happen to use all 3 depending if I am buying or selling a car (only makes sense). Also one time I told a dealer that his car was way over KBB and he said then have Kellly sell it to ya because I am not moving on the price.
09-09-2004, 01:28 PM
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Originally Posted by Bruceatlam
I've always been puzzled by the same question. Although, I can't answer the question, I've learned that the best "guide" for actual sell/purchase pricing seems to be KBB. I've never found a dealer that cared about NADA or Edmunds pricing. They all seem to use KBB.
09-09-2004, 10:18 PM
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Well I checked with my credit union and they go by the NADA trade in value on their loans....so I guess I'll have to go by that in this case. 
09-09-2004, 10:52 PM
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Originally Posted by Daniel90conv
Well I checked with my credit union and they go by the NADA trade in value on their loans....so I guess I'll have to go by that in this case.
I work for a car deal ship they go by NADA it is the one the F/I guys go by all the rest is B/S. If you need a good price go nada it is the one they use.
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