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Kelly blue Book accuracy?

Discussion in 'Car Forum' started by hickok45, Jan 1, 2006.

  1. hickok45

    hickok45 Millennium Member

    753
    8
    Oct 17, 1999
    Nashville
    Having just purchased a new car, I'm probably going to sell my 2000 Camry. I've looked it up on the Kelly Blue Book site and computed it's value.

    My question is this: how close are the Kelly Blue Book numbers to what people pay and ask? I haven't sold or bought a used vehicle in many years.

    I think I have a fair assessment of my car. It would be considered in "Good" shape. If I sell it, I'm not interested in lots of negotiations; My plan would just be to give the KElly Blue Book number for private sales and say that it's non-negotiable in the ad. That should eliminate the many tire-kickers and people looking for a steal.

    Would that be a proper strategy? Or do cars generally bring a little MORE or a little LESS than the Kelly Blue Book numbers?

    Please share your knowledge or experience.

    Thanks,
     
  2. I have found that they will typicly sell for a tad less than the kbbv unless its somthing like a mustang or camaro that some people just have to have. I think the best strategy is to price it $500 high, and then knock $500 off to the first seriously interested buyer.
     


  3. Rob1035

    Rob1035 Skeet Surfer

    895
    0
    Jan 24, 2005
    Charlotte NC
    That's pretty dependent on the car model itself. If I were to generalize, I'd say for relatively common, new(ish) stuff (~97+), I'd say the KBB is close. For cars that are more rare, or older, the Book falls on its face. BMW E30 M3s ('88-91) for example, typically blue book in the $3000-5000 range last time I checked, while the actual market dictates around $15,000 for a good example.

    As the old quote says, a car is worth what someone will pay for it, but in this situation, for a fairly new car that is relatively common, I'd say the KBB is a good starting point.
     
  4. hickok45

    hickok45 Millennium Member

    753
    8
    Oct 17, 1999
    Nashville
    Thanks for the tip on Edmunds. Edmunds values my Camry right at $1,000.00 higher. Doesn't make sense, but I'll split the difference between Kelly and Edmunds, I suppose.
     
  5. mhill

    mhill

    861
    0
    Dec 7, 2001
    St. Louis, MO
    I've found the books to put you in the ballpark.

    The thing that most people don't realize is that the prices given are for a car in perfect condition with the proper amount of milage.

    If a cars tires are old subtract $500.
    If a car has door dings subtract 500-1500.
    If a car has hail damage subtract ~3000.

    You get the idea. Get the price and remember that people are going to point out every flaw in the vehicle and ask you to come down on your price.

    Good luck.
     
  6. 98_1LE

    98_1LE

    1,043
    1
    Oct 17, 2005
    I wish I could get what I am asking for my truck, which is in line with both kbb and edmunds private party numbers.
     
  7. G10CK

    G10CK

    16
    0
    Nov 18, 2005
    Pittsburgh, PA
    I agree. I had a classic Corvette I was selling, and KBB just wasn't giving the correct value. My bank & a car dealership both said they use NADA for prices. When I tried them, the quote was much more accurate.;)
     
  8. GoGators

    GoGators Stomatologist

    428
    0
    Jan 25, 2001
    Louisville, KY
    Now that Kelly & Edmunds have given you a range, aim for the higher end if you're not in much of a hurry to sell and lower if you want to get rid of the car quickly.

    autotrader.com is a good resource to use to help you sell