KBB vs. NADA

[rh71]

why does NADA have such higher prices for used car values for the same vehicle? It could be up to $1500 more in some cases.

What do dealers use to determine trade-in value (before they try to screw you)?

 

[woodie1]

Most dealers use the Black Book or the results from a local auction to put a value on a trade-in.

 

[thescreensavers]

meh, just use which ever benefits you the most

 

[DeviousTrap]

What car? I'll give you dealer auction results, which are what dealers as a basis to value your car.

 

[PremiumG]

I'd like to know the dealer auction results for my car please:

2004 BMW 330CI, 32k miles, premium, no navigation, cold weather, great condition.

 

[sjwaste]

Originally posted by: rh71
why does NADA have such higher prices for used car values for the same vehicle? It could be up to $1500 more in some cases.

What do dealers use to determine trade-in value (before they try to screw you)?

Not sure, but I know that's why my county uses NADA when determining assessed value for the personal property tax

 

[sjwaste]

Originally posted by: DeviousTrap
What car? I'll give you dealer auction results, which are what dealers as a basis to value your car.

Would you be willing to look mine up, out of the sheer curiosity between the actual and NADA value that my county uses?

1991 Toyota Supra Turbo, 203k miles, all options, sunroof (no targa), fair condition.

This would presume the car is worth enough to even send to auction, though, which may not be the case.

 

[ponyo]

I read many dealers use Galves along with recent auction prices. Auction prices set the price.

NADA tend to be really high and unrealistic. Some insurance companies use NADA for values which is good if you totaled a car.

I use Edmunds clean trade-in value minus 10% when estimating what my trade-in might be worth.

 

[DeviousTrap]

Originally posted by: PremiumG
I'd like to know the dealer auction results for my car please:

2004 BMW 330CI, 32k miles, premium, no navigation, cold weather, great condition.

Condition: Above Average Below
Sale Price $16,699 $13,264 $9,829
Mileage 34,930 66,635 98,340

Estimate based on 32,000 miles:
Auction $18,450 $16,200 $13,950

Keep in that estimate is very rough. The average car sold has 66k miles (a total of 14 have been sold in the last week), and only two of them had less than 50k miles. Because those two cars sold for a premium they through off the average prices. To get a better idea of the market look at past results:

07/10/09 LAUD/MIA Regular $15,700 49,705 Above SILVER 6G A Yes
07/09/09 MANHEIM Lease $18,000 33,645 Above TITANIUM 6G A Yes
07/09/09 ATLANTA Regular $10,600 87,229 Below SILVER 6G A Yes
07/08/09 CADE Regular $14,500 60,097 Avg GRAY 6G M Yes
07/08/09 BAY CITI Regular $13,800 61,727 Avg MHITE 6G A Yes
07/03/09 MANHEIM Regular $13,400 79,801 Avg GREY 6G M Yes
07/02/09 W PALM Lease $13,400 54,531 Avg TITANIUM 6G A Yes
06/26/09 LAUD/MIA Regular $12,800 50,880 Avg BLACK 6G A Yes
06/25/09 DARLNTON Lease $10,000 76,913 Below SILVER 6G 6 Yes
06/23/09 RIVRSIDE Lease $12,000 66,485 Avg SLVRGRY 6G A Yes
06/18/09 HOBBY Regular $10,000 114,024 Below BLACK 6G A Yes
06/17/09 DALLAS Lease $15,400 46,430 Avg BLACK 6G A Yes
06/16/09 STATESVL Regular $13,500 86,291 Avg TITANIUM 6G 6 Yes
06/16/09 RIVRSIDE Lease $12,600 65,126 Avg BLACK 6G P Yes

Originally posted by: sjwaste

Originally posted by: DeviousTrap
What car? I'll give you dealer auction results, which are what dealers as a basis to value your car.

Would you be willing to look mine up, out of the sheer curiosity between the actual and NADA value that my county uses?

1991 Toyota Supra Turbo, 203k miles, all options, sunroof (no targa), fair condition.

This would presume the car is worth enough to even send to auction, though, which may not be the case.

Not enough of them sold to give you an average, but here are the recent sales:

"2D LIFTBACK TURBO"

02/25/09 BAY CITI Regular $1,500 79,489 Avg WHITE 6GT M No
11/19/08 BAY CITI Regular $3,300 79,413 Avg WHITE 6GT M No

"2D LIFTBACK TURBO SPORT ROOF"

11/14/07 CADE Regular $2,450 114,893 Avg BURG 6GT M No
01/15/08 LOS ANGL Regular $550 152,116 Avg MAROON 6GT A No
02/21/08 FRESNO Regular $2,000 171,581 Avg BLUE 6GT A No
10/08/08 NADE Regular $3,100 80,848 Avg RED 6GT No
02/24/09 RIVRSIDE Regular $1,000 197,007 Avg RED 6GT A No
06/09/09 BISHOP B Regular $1,300 172,145 Avg GRY 6GT 5 No

 

[TurtleCrusher]

Oooh Oooh me me!

1994 Subaru Impreza L AWD Automatic

Sadly, 207K.

 

[sjwaste]

Thanks for the info, DeviousTrap. My most recent county assessment was at $2750. Way above the auction price.

Of course, anything assessing for under $3000 here isn't subject to the personal property tax -- that's the exemption amount. Just $25 for the sticker!

 

[Pacfanweb]

Auction results matter more than any book. Black Book has those results. NADA and KBB tend to be higher than Black Book.

So a dealer that's looking to take your car on trade doesn't care if NADA says it's worth 20k, when he's seen the same car going for 17k at auction.

 

[DeviousTrap]

Originally posted by: Scholzpdx
Oooh Oooh me me!

1994 Subaru Impreza L AWD Automatic

Sadly, 207K.

4D SEDAN LS AT

11/04/08 SKYLINE Regular $875 110,757 Avg BLUE 4G A No
12/28/07 GATEWAY Regular $425 207,567 Avg GREEN 4G A No
11/27/07 LAUD/MIA Regular $900 118,475 Avg WHITE 4G A No
10/10/07 ALOHA Lease $800 60,961 Avg BLUE 4G A No

4D SEDAN L

03/12/09 FRDKBURG Regular $900 210,372 Above WHITE 4G Yes
04/30/09 CEN FLA Regular $550 158,307 Avg GREEN 4G A Yes
05/12/09 BALTWASH Regular $625 144,932 Avg WHITE 4G A Yes
05/27/09 ALOHA Lease $700 99,776 Avg GREEN 4G A Yes
06/04/09 NORTHWY Regular $500 133,952 Avg RED 4G A Yes
06/24/09 HRSNBURG Lease $200 179,520 Below GREEN 4G A Yes

4D WAGON L

11/18/08 COLORADO Regular $350 185,870 Avg GREEN 4G 5 Yes
12/17/08 HRSNBURG Regular $1,050 199,087 Avg GREEN 4G 5 Yes
01/06/09 BALTWASH Regular $600 153,072 Avg WHITE 4G A Yes
04/14/09 AMERICAN Regular $250 80,549 Below DKGREEN 4G 5 Yes
05/06/09 SEATTLE Regular $1,200 151,193 Avg GREEN 4G 5 Yes
05/13/09 BAY CITI Regular $1,500 123,629 Above GREEN 4G A Yes

 

[MBentz]

How about a 2005 Pontiac GTO? Six speed manual with 42k miles in great condition.

I just know this is really going to hurt haha.

 

[DeviousTrap]

Originally posted by: MBentz
How about a 2005 Pontiac GTO? Six speed manual with 42k miles in great condition.

I just know this is really going to hurt haha.

Above Average Below
Sale Price $18,724 $15,216 $11,708
Mileage 18,708 37,415 56,123
Total Sold All 19

With your mileage adjustment:
Auction $17,400 $15,100 $12,850

 

[HannibalX]

It's worth whatever someone will pay for it.

 

[Vortex22]

Is there somewhere one could look up these auction values, or are you posting numbers from some internal database not available to the public. Guessing the latter...
If you're still posting, how about a 2006 Lexus IS350 without nav, 60k miles? Thanks in advance!

 

[TurtleCrusher]

Hmm not bad. It was in average to good condition when i bought it. $779.

It still has a bad CV joint, but that's it really. 23.5mpg city, 32Hwy, AWD, I'm golden!

 

[MBentz]

Originally posted by: DeviousTrap

Originally posted by: MBentz
How about a 2005 Pontiac GTO? Six speed manual with 42k miles in great condition.

I just know this is really going to hurt haha.

Above Average Below
Sale Price $18,724 $15,216 $11,708
Mileage 18,708 37,415 56,123
Total Sold All 19

With your mileage adjustment:
Auction $17,400 $15,100 $12,850

Painful, but that's about what I expected. Thank you!

 

[ElFenix]

iirc, KBB and NADA values have pretty much nothing to do with reality.

national auto auctions such as manheim are about as close to a decent market as there is. either that or ebay motors.

 

[DeviousTrap]

Originally posted by: Vortex22
Is there somewhere one could look up these auction values, or are you posting numbers from some internal database not available to the public. Guessing the latter...
If you're still posting, how about a 2006 Lexus IS350 without nav, 60k miles? Thanks in advance!

It's manheim info that's not available to the general public. If anyone else needs it please PM me, I'm going to stop posting the results in this thread.