Mileage, maintenance regularity, driving style, city or road car. Those factors influence the performance of the car. Car value is a tricky thing when you try to find it yourself. And a very easy thing to calculate on the internet. Those two have many decades of experience and are trusted by dealers and consumers. Both are free. Just provide some information about your used car and KBB or Edmunds will calculate the value of your vehicle. Both companies provide huge help when buying or selling a used car.
Both are respected in the market, well known, and can help in negotiating the price. Great thing is that value is calculated combining average market value and specifics on a concrete car. If you use both and it is suggested to use both , you can see that most cases KBB and Edmunds will calculate a different value.
Same car, same parameters but different value. And have some arguments to defend the value which suits you best. One more argument that can help to bargain is a valid car history report. With a history report, the buyer will be certain that car value was calculated correctly. And good history always increases the price. Kelley Blue Books is an older company. It was established in in California.
Les Kelley, a founder of the company, was an ambitious car salesman at a time. He started documenting used car prices. At first, Kelley employed it at his job, evaluating a used car that he bought or sold. When his archive expanded, Kelley began to see some business opportunities.
Was even more valid question back then. Both, dealers and ordinary consumers needed professional help with evaluating used cars. KBB car value is calculated using a complex formula. The car conditions to choose from are: Outstanding : Low-mileage vehicles that are preserved well.
Exceptional condition. No reconditioning is needed. Glossy paint and no damage. Nearly-new tires. Clean title and passes emissions. Very few vehicles qualify for this condition. Clean : Normal wear, but no major cosmetic or mechanical issues. Glossy paint but may contain a couple of nicks.
Minor reconditioning may be needed. The tires still have significant tread. Clean title and can pass an emissions inspection. Average : Requires significant reconditioning and may include cosmetic or mechanical issues. Dull exterior paint with several dings or scratches. Worn interior. Tires with usable tread. Clean title and can pass emissions. Rough : Requires significant repairs for many cosmetic or mechanical problems. Interior and exterior need repairs. Tires may need replacement.
Can pass emissions with minor repairs, still has a clean title. Damaged : Major body and mechanical damage. It may not be in running condition. May have a branded title flooded, salvaged, damaged, etc.
Edmunds Used Car Values The Edmunds appraisal calculator provides you with these four values: Trade-In Price : A reasonable dealership offers to trade in your current vehicle for your next car.
This value is always the lowest. Private Party : What you can expect to get as a seller if you sell privately. Dealer Retail : What used car customers can expect to pay at a dealer. Certified Used : This only applies to new enough vehicles if your vehicle could be sold as a certified pre-owned by a dealer.
What is Kelly Blue Book Value? Using KBB value is simple. Enter the make, model, year, and mileage. Verify your zip code. Select the car category and style. Add any additional options. Choose the condition of the car. KBB provides descriptions of each, but they state most cars are in good condition.
View the Blue Book for your car. Trade-In Value : The amount you can expect to get when trading in the vehicle at a dealer. Suggested Retail Value : The price dealers usually ask for the used car.
It is free to get your trade-in value, but requires a paid subscription to get more pricing values and to be able to search by VIN or license plate. Subscriptions are mainly geared towards dealerships.
Edmunds : Edmunds used car vehicle appraisal calculator is free to use. Since the three main consumer guides—KBB, Edmunds. The following are several sources you can check for pricing and rating information before buying, trading in, or selling a used car. Many experts believe Edmunds' values are more accurate than KBB's. NADA pricing is often higher than Kelley Blue Book since the algorithm has a standard that calls for all trade-ins to be in very clean condition.
As a result, you may need to adjust NADA prices down. Power : Although the ratings are only for new cars, the used car search provides dealer pricing based on ZIP code. This information could be valuable if you are planning to sell a car outright and want to know what typical pricing in your area looks like. The website features general pricing on used cars, information on reliability, cars to avoid, and much more.
Kelley Blue Book is a very good resource, but it should not be the only one you consult. Although none of the top used car buying guides is perfect, when taken together—along with additional information gained from other websites and tools, such as auto loan calculators —they can provide reasonably reliable and accurate information for your used car transaction.
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