Which car value estimator is most accurate?

1. Kelley Blue Book. Whenever you're looking to value your used car, Kelley Blue Book is the place to start. KBB has been valuing cars for the last nine decades and has an enormous amount of data to figure out the most accurate value of your used car.

Which car value site is most accurate?

The Kelley Blue Book—and its equally popular website—is one of the most trusted guides for automobile pricing, used by those who are buying or selling cars. Kelley assesses the following values: private party value, trade-in value, suggested retail value, and certified pre-owned (CPO) value.

Is NADA or KBB more accurate?

KBB factors in the condition of the vehicle, local market conditions, and popularity of the vehicle, so their prices tend to be a lower than NADA. NADA values tend to lean higher because they assume cars are in good conditions. Insights can be gained from both values, but KBB looks at more factors.

Is KBB or Edmunds more accurate?

Some experts tout Edmunds as more accurate than KBB, but there is no clearly proven winner for accuracy. To get the most accurate estimate, you should use both KBB and Edmunds. It is fast, easy, and free to enter your vehicle's information on both sites and to average the values given.

Is KBB accurate in 2021?

For the most part, Kelley Blue Book (KBB) is one of the most accurate sources when it comes to prices for buying and selling used vehicles. Kelley Blue Book is a powerful resource. However, it is just one of multiple sources that folks use to help guide them in the car buying or selling process.

Know the EXACT Trade-in Value the Dealers Use

Why is Edmunds and KBB so different?

Edmunds currently only offers values and pricing for cars and trucks. Edmunds is a privately held company, with CarMax holding a minority stake. Edmunds has proprietary trademarks over Edmunds Suggested Price. Edmunds is not affiliated with Kelley Blue Book or Cox Automotive.

Why is Carfax value so high?

Overall, the level of detail that Carfax provides is a major reason it is so expensive. The pricing helps to ensure that the information is accurate, detailed, and clearly presented to those who need it the most.

Do banks use NADA or KBB?

Most banks use NADA values; however, some use Black Book or Kelley Blue Book. Ask whether their LTV percentage is calculated upon the vehicle's "loan" value, "trade" value or "retail" value.

Can Edmunds be trusted?

The study examined 13 high-profile ratings sites; Edmunds.com was the only automotive site listed in the top ten and it ranked fourth overall, outperforming Yelp, Google+, Hotels.com, City Search and others. "Maritz Research's study concluded that there is a healthy skepticism for reviews posted online in general.

Is Edmunds pricing accurate?

Is Edmunds TMV accurate? Yes, Edmunds provides accurate car pricing data by aggregating historical car prices sales in your zip code. Edmunds data is downloaded weekly from a dealer management system of 5,000 dealerships and dealer groups across the country. Edmunds receives information from roughly 25% of all U.S .

What is the difference between Blue Book and Black Book Value?

The Blue Book® is where drivers look to know what amount they can expect to purchase a vehicle or sell a vehicle for. The Black Book, however, deals more with up-to-date car sales and wholesale pricing values, so the information is more useful for car dealers.

What should you not say to a car salesman?

What's the slowest month for car sales?

January and February are the slowest months for car sales, since consumer spending usually drops off after the Christmas holidays.

What book do banks use to value cars?

Most lenders use the National Automobile Dealers Association (NADA) book to determine the value of the vehicle. This allows them to input various options that could increase the value of the car.

How often is KBB updated?

How often do your values change? Kelley Blue Book updates or verifies our values and pricing at least once a week to give dealers and consumers up-to-date information.

What is NADA value?

The NADA value is the value of your used vehicle based on many different value factors. The NADA guides have values for automobiles, motorcycles, boats, RVs, and even manufactured homes. The NADA guides give or provide multiple values for each vehicle.

How can I find the value of my car?

Use Autotrader's used car valuation tool to find the Kelley Blue Book® Value of the car you'd like to sell or buy. Tell us what you plan to do.

What is Edmunds suggested price?

The Edmunds Suggested Price is what we recommend you pay, not including taxes or fees. It is based on our analysis of millions of data points including supply, demand, incentives, options and recent nearby transactions. Start by looking up the car on the Edmunds.

Where does Edmunds get its data?

Most of the vehicle information published on Edmunds is sourced directly from vehicle manufacturers, usually from their dealer order guides, vehicle brochures and/or Web sites.

What does NADA car mean?

National Automobile Dealers Association

Founded in 1917, the National Automobile Dealers Association represents the interest of new car and truck dealers to the public, the media, Congress and vehicle manufacturers.

How do banks decide on car loans?

Amount borrowed and down payment

Lenders look at your credit worthiness as well as how much they'll need to lend you. Making a down payment signals that you're more likely to pay off your loan in a reliable way. Plus, the down payment reduces the amount of the overall loan.

Which is better Kelley Blue Book or CARFAX?

Just as Kelley Blue Book basically invented the notion of trade-in values and is world-renowned for its Blue Book® Values, CARFAX was among the pioneers in “vehicle history.” Not surprisingly, CARFAX delves more deeply into a car's background to set its value more than anyone else.

Is AutoCheck or CARFAX better?

The most significant difference between AutoCheck and CarFax is that AutoCheck is far better at tracking auction cars, while CarFax is known for not being able to effectively track cars at auctions. This obstacle makes CarFax much less useful since many used cars have been auctioned off at some point in their history.

Does KBB use CARFAX?

IRVINE, Calif. Kelley Blue Book (http://www.kbb.com/), the leading provider of new- and used-vehicle information, announces the integration of Carfax Vehicle History Reports seamlessly into its pricing, management and marketing solution, KARPOWER Online(SM) (http://www.karpower.com/).

Who owns Edmunds?

Edmunds 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.