edmunds used car prices

A:

A:Some of the information procured at all of these sights come from resources such as ads, NADA guides, and actual dealership inventory lists. For the most part, KBB is the most consumer friendly. What you need to know, though, is that most dealerships don't follow any of these guides as a way of doing business. Most dealerships take every car in based on a wholesale price, or whatever they picked that car up for at auction. Then, from there it goes into the service department, and gets retail ready. At that point, it is up to each individual dealer to set whatever price they want to get for the car. That is why prices range on all of these sights, each dealer sets varying prices. Some dealerships are metal movers, and simply want to move units, while others want to make a large gross (profit) on every car that roles over the curb. These are all good consumer guides, but they are simply that, guides, and not to be lived by.

A:The Kelly Blue Book has always been extremely high and very unrealistic. Unfortunately, this is the book the majority of the population see. The NADA book, for dealers is the average, but unless you are a dealer, fat chance reading one. And don't rely on the dealer always stating the true price from the NADA they are holding, make them show you.

A:Kelly is the book dealers use; the price is inflated and they get to show a buyer a higher price in anticipation of giving a little. NADA is what most banks use to decide how much money they'll give you in a loan for a particular car...As banks don't want to take too much risk, the value will be lower. Edmund's SEEMS to be based on what the car is going for at any given time...It seems to trend more for demand of any given vehicle at any given time. "Fair" in a sale is dependent on the person offering and the person accepting. If they're both happy, then the deal is fair; if one feels they were cheated then they didn't negotiate very well. Given that you have received little/no interest in the car, and his offer is higher than Edmund's, perhaps you should seriously consider the offer.

A:Consumers Guide Automotive always has low used car prices listed. I assume you are trying to show a seller that the car he has is not worth the price he's asking. If the seller is an individual, make sure you are looking at the Wholesale or Trade Value. That middle number (Private Party value) is worthless. Base your offer price on the trade in value. To be objective and honest you need to take all the prices you can find, from CGA, NADA, Kelly and Edmunds and calculate the average. You might even want to look at Autotrader too. Using this average is closer to what the car is really worth.