Kelley blue book new and used car price values, expert. We only need your license plate to look up your car. Although none of the top used car buying guides is perfect, when taken together. Kelley blue book window stickers allow dealers to display the kelley blue book seal, consumertrusted kelley blue book suggested retail price, and the dealers reduced price on each vehicle. While selling your car to carmax is easy, the company says clearly that theyll buy it for less than retail value, because they have to inspect and resell it. Mar 11, 2020 kelley blue book and edmunds kelley blue book and edmunds are two of the most well known used car pricing guides in the united states. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. It offers all types of automaker brands with nohaggle car prices the price on the car is how much it costs though you should always check that its still a fair price by comparing it with what nadaguides or kelley blue book says the car is worth. We set our baseline for a holy grail offer at kelley blue books. Kelley blue book is a very good resource, but it should not be the only one you consult. The company is the originator of the term blue book, a book of estimate values of vehicles that dealers and consumer can use when buying and selling cars. You can do things like check the kelley blue book value on it, or get the carfax on it, but theres just no way to fully know if youre doing the right thing.
Kelley blue book is a company that was founded in 1926. Can i dispute a car estimate from carmax if the kelly blue. We were disappointed by the carmax offer, as the buyer blatantly disregarded all of the upgrades our car hadleather, nav, bluetooth, etc. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Use autotraders used car valuation tool to find the kelley blue book value of the car youd like to sell or buy. This means your vehicle will go to wholesale auction, and carmax generally.
Carmax employees reveal why the company may not be the best. Try to go to carmax on a weekday morning to avoid crowds. Jan 03, 2010 the blue book value is all well and good, but its not like kelley is going to buy your car for that amount. Look at online resources like carmax, edmunds, kelley blue book or truecar to compare prices. On the high end, the most expensive car regardless of trends. Their process is fast, simple and easy to understand. The price that matters is the price some party is willing to pay, so the real issue is whether carmax pays more or less than other dealers or individuals. They inflate car values being sold and deflate, ridiculously mind you, trade values. The easiest way to do this is to take it to the nearest carmax usedcar dealer. The blue book value is all well and good, but its not like kelley is going to buy your car for that amount. Carmax vs webuyanycar how is we buy any car different. They could be trying to hide any number of problems with the car, or could be trying to take advantage of you on the price.
Carmax appraisals use the same general criteria as personalized kelley blue book estimates. Kelly blue book prices are completely ridiculous and inaccurate. Kelley blue book is company that estimates the values of vehicles. Should you sell your car yourself or accept kelley blue. Nadabut, nada is usually used by banks or car dealers to show you an inflated price value. Differing from the other car value tools used by kelley. The fair market range and fair purchase price are based on massive amounts of data, including actual. Use the app to save cars and create alerts, scan window stickers on our lot for more details, and even call dibs on a car by holding it for up to 7 days.
Kelley blue book help facilitate transactions between buyers and sellers by offering kelley blue book used car value prices. How carmaxs usedcar prices compare to kelley blue book. Although none of the top used car buying guides is perfect, when taken together along with additional. You may want to get an offer from other dealers or check the kelley blue book value first. I know from experience with them in the past that if i say the blue book value is x, they say, well you should go sell it yourself, because we wont give you anything. While carmax is the biggest seller of used cars, they take into account the cars value. We just sold a car to them and we werent looking to buy another care, so it wasnt a tradein but they handle tradeins as separate sales transactions anyway. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or.
Because of this, there are several ways that car buyers can use their website. This means your vehicle will go to wholesale auction, and carmax generally makes very little on these. You as a knowledgeable seller can record kelley blue book value of your car. Wouldnt be the least bit surprised if kelly blue book doesnt get a kick back from dealers too. Jan 29, 2011 i took my 2009 ford ranger to carmax to get an appraisal. Carmax has bought cars above kelley blue book and sold cars below it. That way, you can make sure your car buying experience is as easy and painfree as possible. There is no where that it says we buy cars at kelley blue book. Its the source for current transaction prices, whether a used car is a tradein or sold through a private party or dealer.
You can do things like check the kelley blue book value on it, or get the carfax on it, but theres just no way to fully know if youre doing the right thing or not, unless youre a mechanic or a close friends with one. They have 2 other 2006 750lis on their website, similar miles, not as desirable. I was shocked and more than a little disappointed when i was only offered about half of the kelly blue book trade in value, i had bought the truck new and aside from the 22,000 miles, it is in perfect condition with. This is an as is value that does not include any warranties. How to use carfax and kelley blue book in buying or selling a. Selling your vehicle to carmax, the national used car retailer, can be quick and easy. Most dealers do not use kbb for tradein wholesale values. You cannot, i repeat, you cannot do research on the value of your car. Did you get the kelly blue book value on your tradein. Kelley blue book kbb is the gold standard in setting usedcar valuations. When buying a used car, its usually hard to know what a fair price is. Kelley blue book values blue book values kbb vs nadaguides.
You should use this to compare them to other similar services. When comparing the prices on the web compare to the kelley blue book, i noticed the prices rate are a few hundred dollars cheaper in the book then on the web for the same car. Since 1926, the organization has monitored usedcar transactions, publishing marketdriven values on preowned cars. Jan 17, 2017 while selling your car to carmax is easy, the company says clearly that theyll buy it for less than retail value, because they have to inspect and resell it. This blue book value price can be used as your guidance for the reasonable market price for used cars with that make, model, year and option.
Not only does carmax have locations all over the country, it also. You can also visit the manufacturers website to get an estimate of what your dream car will cost, and then compare that to your current options. Should you sell your car yourself or accept kelley blue book. Kbb is somewhat subjective too, is your car in excellent shape or good, etc. I sold 2 cars there both with really really high mileage, they seemed to give me kelly blue book value rounded to the nearest hundred. Carmax spends more money and time reconditioning their used vehicles than most any other used car lot. Carmax is a chain of stores that sell used cars only, the largest of its kind.
Therefore, you should never use nada books for real references. Anonymous i went to carmax to get a appraisal and was very disappointed. For a versus comparison for nada blue book values visit here. Carmax offered about 12 of kelly blue book trade value.
Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. I was shocked and more than a little disappointed when i was only offered about half of the kelly blue book trade in value, i had bought the truck new and aside from the 22,000 miles, it is in perfect condition with all routine maintenance records. Tell me about selling a car to carmax ars technica openforum. So if youre going to trade in your car, take some basic steps to. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. Carmax sets the offer based on a few factors, including. Second, carmax prices are not based on kbb, blackbook, or any other online car shopping resource. Carmax does not look at kelley blue book, edmunds, or nada. Kelley blue book reports used car values for a variety of buying and selling transactions.
I have a acura tsx and they have a very good resale value. I cashed the check and used it as part of the downpayment for my new, familyfriendly car. The final sales price depends on the cars actual condition and local market factors. For new car shoppers, the kelley blue book fair market range and fair purchase price go beyond widely available new car prices like msrp and dealer invoice to show you what you can expect to pay for a new car in your area this week. Carmax will evaluate the complete merit of your car, taking into that kbb offer.
Selling a car or truck is a question of time versus money. With our nationwide inventory at nohaggle prices, carmax makes it easy to find your next car. We decided to sell our car, so we checked the blue book value, listed for private party sale, and also go a carmax bid. Some people look to buy, and other seek to sell cars. Blue book used car values are determined by taking into consideration the equipment and options. But your carmax offer may be lower or higher than the kbb estimate because carmax uses its own data and inspection process. A toyota dealer offered me 25,500 on trade first offer, 300 under invoice on the new car, and 1. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Carmax offered about 12 of kelly blue book trade value apr. Its the source for current transaction prices, whether a. The kelley blue book is the most popular usedcar buying guide. So, we will examine what the kelley blue book instant cash offer is, compared to selling your car to carmax. Prices guides and car prices are inflated in most of these guides due to the ridiculous offers conventional dealers make to customers on some trade ins.
How to use carfax and kelley blue book in buying or. Vehicle history is an important factor in determining a cars value. Used car values, price guide and tradein estimator. Jun 01, 2016 kelley blue book kbb is the gold standard in setting usedcar valuations. This criteria includes the vehicles history, current condition, make, model, year, mileage, and desirability in the market. Tell me about selling a car to carmax ars technica. Shop new or used cars, whether youre on the lot or on the go. Consumer edition january march 2016 kelley blue book on. When i opened the engine it was spotless and i owned the car for two years.
Remember, carmax is offering wholesale value since they have to clean up the car, sell it, and make a business profit. Feb 28, 2020 kelley blue book is a very good resource, but it should not be the only one you consult. May 03, 2020 so, we will examine what the kelley blue book instant cash offer is, compared to selling your car to carmax. Instant cash offer is a solid offer for a particular amount of money, to purchase a consumers car. Check car prices and values when buying and selling new or used vehicles. For the simple reason they do not write checks for vehicles. So many people today are engaging with the car market. Regarding getting a better price than kbb, i was under the apprehension that kbb lowballs its numbers, so that dealer can point at it and say, look, im giving you better than blue book. It is very clear, kelly blue book is assisting dealerships in filling dealers pockets. I took my 2009 ford ranger to carmax to get an appraisal. If youre going to buy another car anyway, find out what your dealer will offer. A quick tour of kelley blue books usedcar valuation. Carmax can evaluate tradeins for free and make you an offer that is good for seven days.