Kellys Blue Book Vs NOTHING Vs Edmunds Guide – The Differences In Blue Book Automotive Price Guides
You’ll always feel more confident that you got the best value when selling or buying a car if all transaction costs are close to the average amount buyers in your area typically pay for the same make, model, year, and version. However, it can be difficult to find the most accurate blue book for the car price guide. They all claim to provide fair and unbiased market values for your car, however when comparing them you will find significant discrepancies between the different price guides due to differences in their evaluation methods. Among the most prominent, widely used and accepted car price guides are Kellys Blue Book for Cars, National Automobile Dealers Association (NADA Car), and Edmunds Guide. So which is the most reliable guide among the three?
A sign of reliability is the advisor’s years of experience in the market. Among the three, Kellys Blue Book for Cars is the oldest, first printed in 1926, and continues to serve as a bastion of trusted information for more than 80 years. Soon after, in 1933, NADA printed its first Automobile Evaluation Guides. The youngest is Edmunds Guide, established in 1966. Of the three, Kellys Blue Book has the longest record of unmatched service that sets it as a standard in automotive evaluation guides. The Blue Book for Automobiles has an extensive established database and a proven methodology that is continually being refined.
Another sign of accuracy is the integrity of the data and the frequency with which it is updated. Blue Book for Cars, NADA Car, and Edmunds Guide offer similar information, such as private new and used car parties, and detail retail values, trade-in values, and tips on how to buy, sell, or trade in your car. Plus, they all have easily accessible websites that make it easy to find car details and reviews. So how do they differ from each other?
Aside from their websites, both KBB and NADA regularly publish and update easy-to-carry paperbacks in various versions to suit the specific needs of their readers, only the Kellys Blue Book for Cars is published in their trademark blue color. , while NADA Car is. bright yellow. Kellys Blue Book Used Car Guide is updated every 2 months, KBB New Car Guide is updated 4 times a year, and KBB Consumer guides are updated twice a year. Meanwhile, online data for Kellys Auction, Kellys Trade-in, Kellys Wholesale Lending, and KBB Retail Values is updated weekly, making the information more useful for car dealers and buyers. In contrast, NADA’s Auto Consumer Guide is updated 4 times a year and the online data is updated monthly. Edmunds Guide, on the other hand, stopped printing its portable book version since 2006, making it difficult to carry a copy when negotiating the final price of your car. Plus, it only updates its True Market Value (TMV) online pricing tools on a monthly basis. So if you want more up-to-date values for your car, it seems Kellys Blue Book will serve you better.
In addition to normal guide content, both the Kellys Used Car Guide and the NADA Automotive Consumer Edition can also provide you with Vehicle Identification Numbers (VINs), easy-to-use equipment programs with values for optional equipment, and acceptable values for the mileage range table. , credit check service that can assess your credit score and what type of loan you might qualify for and retail values. However, Kellys Blue Book for Cars offers retail value for a longer period of time, over 15 years compared to the less than 10 years covered by NADA Car. Additionally, Kellys Blue Book will also give you information on the original list price of your car, Kellys Auction (how much a vehicle is expected to sell at a wholesale auction) and Kellys Wholesale Lending (expected financial value of a fully reconditioned vehicle). not found in other guides. Meanwhile, Edmunds Guide is proud to provide the True Market Value (TMV) pricing for new and used vehicles, detailed histories of popular models, and certified pre-owned vehicle information. However, Kellys Blue Book, NADA Car, and Edmunds Guide’s TMV or Retail Prices do not take into account buyer credit details that could significantly affect the final price of your vehicle, although they do have connecting sites to help you apply for a loan. in an easy way. Steps.
Wait now, the most important determinant of reliability has yet to be discussed, and this is the accuracy of the values provided by these guides. Many experts would tell you that the most accurate car price guide is one that provides vehicle values closest to the actual “selling price” on the market, which actually varies from day to day and from place to place. New car prices are not a big deal, but used car values differ significantly due to many factors, primarily the condition, age, and mileage of your car. To get the most accurate value, you need to monitor and analyze a large amount of private, dealer, and auction data. That’s a difficult feat at best, and to be fair, none of the three: Kellys Blue Book for Cars, NADA Car, and Edmunds Guide offer absolutely true or accurate values based on analysis of the current condition of your car. In the end, the one with the most experience will likely provide the closest estimate and it is by now an established fact that Kellys Blue Book has always been a leader and an industry standard in auto appraisal services.