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What are some sources to use when determining the value of a used car?
There are various sources to help you find out the value of your used car; three popular sources are Kelley Blue Book (kbb.com), National Automotive Dealers Association, and Edmunds. Different factors will affect the value of your vehicle such as the mileage, the condition, your location, and the color of the car.
Which is more accurate Kelley or Edmunds?
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.
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 .
Which is the best site to find the value of a car?
Instead, the company created a consumer-facing website called NADA guides that provides pricing valuation to consumers for used and new vehicles, classic cars, motorcycles, boats, RVs and manufactured homes. NADA car values vs. Edmunds NADA uses J.D. Power data to assess the market and create its own price guide to new and used car sales.
Is it possible to estimate the value of a used car?
Determining the value of your car is not an easy task, however there are some steps you can take to get a very good estimate. The used car market raises and lowers on a daily basis. Remember an appraisal is just someone’s opinion. The more opinions you can get the better idea you’ll have of what your vehicle is worth.
Why is it important to know the value of your car?
Appraising your car is the first step to getting a good return for it. Nearly every vehicle depreciates over time, so it’s important to know where yours stands. Knowing its value will help you determine what steps to take next. Many people aren’t sure how to proceed after getting an appraisal, however.
Where can I find the value of my trade in car?
Online companies such as Ryde Shopper and Cars Direct use current market values such as Kelley Blue Book and Black Book to figure the value of cars. You can visit these websites, find their trade-in or used car sections, enter your trades information, and get a good idea what your vehicle is worth.