NADA vs Edmunds or KBB

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jfazioli's picture
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Joined: 05/11/2008

Just so everyone knows,

NADA is not the fair-market value for car sales. They are the governing board for insurance adjustments for car accidents and replacements. The NADA "value" is what you might collect for the car if it were totaled in an accident.

Edmunds.com and kbb.com are much closer to the standard resale value for used cars- notice that NADA values are usually more than 5 TIMES what these other sites give you. Also, you should notice that with the NADA pricing, they don't account for mileage or condition- that price assumes a pristine car with zero miles.

car buyers beware!

Chase's picture
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Joined: 05/27/2004

And then there is Galves, the only one that actually matters:

http://www.galves.com/

Any use of the others when dealing with dealers will get you a nice chuckle and pat on the back.

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2005 VW Golf PD-TDI

Thesst's picture
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Joined: 04/16/2007

Quote:
Originally posted by: Chase
And then there is Galves, the only one that actually matters:

http://www.galves.com/

Any use of the others when dealing with dealers will get you a nice chuckle and pat on the back.

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2005 VW Golf PD-TDI
Haha convenient that they're also the only ones who charge for their "service." Give me a break. Besides I make it a policy to never deal with dealers ;) Anyhow, galves won't do you much good if you're looking to buy something more than 10 years old.

BrianMiller's picture
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Joined: 05/11/2006

NADA SUCKS!!!!!!!!!!!!!!!!!!!!!!!!!

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I use to be ForrestGump..My Forum, ,My BLOG,

Chase's picture
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Joined: 05/27/2004

Only reason I know about Galves is two friends who owned dealerships and one who did a lot of business with a leasing company. Yep, they charge. And you get what you pay for. Galves is the only source that dealerships or leasing companies will use or even think about discussing with a client.

Anyway, I think they pretty much get all their data daily from auctions, and that's the only real time data on a car's worth that I think is available.

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2005 VW Golf PD-TDI

scmadm's picture
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Joined: 05/12/2005

When I was dealing we also used the Black Book value, when buying or selling at wholesale price. It gave a much better trade-in value you could expect from a dealer. I also have used it to up the price of a trade-in to a dealer.

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Steve M
1985 300SD (Benny) 283,000 miles-28,000 greasy miles
1985 300TD (Benita...wife's car) 256,000 miles-not converted yet (much to my shame!)

Using what other people throw away in a dumpster for your personal use makes you a BUM!

__________________

1985 MB 300SD,,,,,,old Greasel system with mods

1998 VW Passat TDI.....50 MPG

1981 Cadillac Seville Diesel....30 MPG   My show car and pride and joy.

jfazioli's picture
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Joined: 05/11/2008

I'm glad to see that most people know this... I used to work for an insurance company, so I knew what the NADA was. A guy I was negotiating with for a 1982 300TD with 275,000miles on it told me it was $6,500 and sent me a link to the NADA appraisal and told me he was giving me a good deal! haha!

marshall2u's picture
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Joined: 03/14/2006

When I'm trying to determine the value of a vehicle, I use those sites mentioned, and get some sort of average, then I go to autotrader.com and get an average of all the cars (the model I'm interested in) across the country. None of these methods are perfect, but when you take them all into consideration, you get a good idea of the cars actual value. When it comes right down to it, there is no ONE value for any vehicle, everything is negotiable, and some people are willing to negotiate more than others, both buyers and sellers.

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Marshall from NC
1993 Mercedes 300D

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