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?

 

I find that Edmunds is the most accurate when it comes to values.

 

It gives dealers a way to give the least on trade in and get the most on re-sale without looking like a hypocrite.

 

I've always heard that the NADA book was more of a Bankers book!

 

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.

 

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.

 

It also gives the State of NJ the chance to Tax you more on your good purchase. Basically NJ says that you cannot get a good deal on a car and if you do you still have to pay the TAX on what the car should have been bought for.



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.

 

That seems to be the source they use around here. Whatever they use, you can bet they will give you the least for your car and ask the most for theirs. Good luck finding a nice FRC at a price you want to pay. Prices are down right now and their seems to be a number on the market.

 

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.

Most used c5 not rage out go high any way