Question: Which Is Better Kelley Blue Book Or Edmunds?

What is the most accurate used car value guide?

Kelley Blue Book and Edmunds are two of the most well known used car pricing guides in the United States.

There is also another: NADA—but, NADA is usually used by banks or car dealers to show you an inflated price value..

What time of year is best to buy a car?

Looking for a deal on a new car? The absolute best time to buy is December, but you can save big other times too.

Why do dealers lowball trades?

Lowball Offers Another technique many dealers use is to give you a low-ball offer on your trade-in. First, they want to see if you’re a true sucker and willing to accept such a low price. But usually, what it does is cause you to be taken aback by such a low offer. It makes you question the value of your vehicle.

Do fender benders show up on Carfax?

Among the risks is that a vehicle was in an accident that wasn’t reported to an insurance company. That fender-bender won’t show up on a Carfax Vehicle History Report because there is no official record.

How much can you typically negotiate on a used car?

If you’ve discovered that the used TMV for that car is actually $12,000 (dealer retail), you can start by offering a bit under TMV: say, $11,700. Don’t worry if the salesman acts insulted; it’s just part of the negotiation process. Starting lower leaves you some wiggle room to negotiate.

Do dealers use Kelly Blue Book or NADA?

Most dealers do not use KBB for trade-in (wholesale) values. Instead, many rely on National Auto Research’s Black Book or the Manheim Market Report, neither of which is available to the public.

Is Kelley Blue Book out the door price?

No, the KBB values are just for the car. Fees and taxes are extra.

How accurate is KBB?

Is Kelly Blue Book accurate? The short answer is no. Let me explain what goes into these price guidelines. Dealers use Kelly Blue Book to establish the value of trade-ins as well as comparing numbers to set their lot prices.

Is Carfax trade in value accurate?

That accident on the Carfax or AuroCheck report can lower your car’s value 10 to 20 percent, he says, if the car is less than 5 years old with under 100,000 miles (after 100,000 miles it’s considered an “older” car and an accident has very little impact on value).

Do all accidents get reported to Carfax?

Yes. If an accident has been reported to CARFAX it will be included in the CARFAX Vehicle History Report. … However, we do not have all accidents as many have never been reported, or may only have been reported to a source to which CARFAX does not have access.

What should you not say to a car salesman?

10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman. … “I don’t know that much about cars” … “My trade-in is outside” … “I don’t want to get taken to the cleaners” … “My credit isn’t that good” … “I’m paying cash” … “I need to buy a car today” … “I need a monthly payment under $350”More items…•

What is the best car review site?

Edmunds. The Edmunds website offers a wealth of information when it comes to vehicle reviews. You can learn about everything from how the car handled in a test drive compared to similar vehicles to the cost of owning the vehicle over a five year period.

How accurate is Edmunds pricing?

However Edmunds is not accurate, it’s almost as if the other market value/price guides that have proceeded it to the point where Edmunds is what I consider dated. In terms of lending – banks do not even use Edmunds for wholesale, retail, or loan value as they now use Kelly Blue Book predominately and sometimes NADA.

Should you pay more than KBB?

They are more accurate and updated more often. Also know that KBB only tells you what a car’s average value is across the U.S. If it’s a hard to find model then it’s a seller’s market. IMHO it is not normal but it does happen. … If it is a common make and model the car should not sell for more than high book.

Why do dealers not use KBB?

Dealerships have high overhead and lending costs; this places consumers in a position to lose money. Dealerships have to make a profit, so you cannot expect to get a fair Kelley Blue Book price.

Why do dealers charge more than Blue Book?

Dealers use the window sticker price — which may or may not be the Blue Book suggested retail price — as a tool to get buyers to start the negotiation at the highest possible value. In most cases, if the dealer sells the car at the sticker price, the profit will be much higher than normal.

Can you negotiate trade in value?

Negotiate. “Come into the dealership with a good idea of what your vehicle is worth and what you’d be willing to settle for,” said DeLorenzo. Dealers will often make a low offer, expecting you to negotiate up. But you shouldn’t take less for your trade-in than what an industry guide says it’s worth.

Who owns Edmunds?

Peter SteinlaufEdmunds was founded by Ludwig Arons in 1966 as Edmunds Publications, a publisher of printed booklets consolidating automotive specifications to help car shoppers make buying decisions. In 1988, the company was purchased by Peter Steinlauf whose family has owned a majority stake since.