edmunds used car appraisal

edmunds used car appraisal

Edmunds Used Car Appraisal

Most people who have either purchased or sold a used car are familiar with the Edmunds used car price guide, the Kelley Blue Book and other used car price guide books as well. These documents present current information about average prices for used vehicles on the market. They can be extremely helpful to both sellers and buyers when attempting to figure out what a fair deal for a used vehicle is. However, they can also be very misleading, and it is important that you know the differences between these two information sources and how to best use the data that they provide. Failure to do so may result in you charging or paying more than you should for a used vehicle, which can cost you hundreds or even thousands of dollars. See how much your car is worth >> Edmunds Used Car Price Guide The Edmunds used car price guide generates car values from a wide variety of sources, including dealership transactions, depreciation costs for unique vehicles and private seller information. The guide splits car condition up into 5 different categories which you can use to help judge the price of your vehicle through comparison. Naturally, a salvage level car will sell for only a fraction of the cost of a like-new model of the same vehicle. Generally speaking, most buyers and sellers agree that Edmunds has a more comprehensive listing of car conditions than Kelley Blue Book does. The Edmunds guide attempts to provide you with an overall average price for cars of a particular make, model, year and condition. This average is inclusive of both private sellers and dealers. Generally, private sellers will sell vehicles for significantly less than dealers, so the Edmunds guide price for a used vehicle may be somewhere in between and, consequently, a bit higher than you may wish to offer a vehicle if you plan to sell it privately. Start your search for a used car >> Kelley Blue Book Price Guide The Kelley Blue Book also gathers its data from a number of different sources. Unlike Edmunds, however, Kelley values generally cater more toward the dealer. Many dealers utilize the Kelley Blue Book guide prices for used vehicles, and dealers and customers negotiate the actual price of a vehicle downward from that level. For this reason, the Kelley value tends to be higher than the Edmunds value and also quite a bit higher than what a private seller would charge for a car. Likewise, you should not expect to pay the full Kelley Blue Book value for a car in most cases. Ultimately, neither the Edmunds nor the Kelley value of a vehicle is entirely accurate for any particular car. The quality of the car and the various depreciation costs play a much greater role in the overall price than either of these two values do. However, the Edmunds value generally provides a more accurate price for the customer than the Kelley value does. Consult a specialist for more assistance. Related Questions and Answers Do Dealerships go by the KBB Trade in Value for Trading in a Car? Dealerships seldom go by the KBB trade in value (Kelley Blue Book) for cars when you bring your car in to sell or trade it in for another vehicle. Instead, they go by two other values. The Wholesale Blue Book Value and the Manheim Market Report. The Manheim Market Report is a report from the average of cars sold at auctions based on the sales of thousands of cars and trucks all over the U.S. The Wholesale Blue Book value is the most money that a car dealer will pay for a car after they determine how much they will have to spend on it to fix it up so i can be resold. What is the Blue Book Value of My Car? Many people want an answer to the question of ‘what is the blue book value of my car?’. If you need the answer to this question, you can find it by going to the Kelley Blue Book website or other websites such as edmunds.com, that help consumers figure out the potential value of their car or truck. Most car dealerships would also have a copy of the Kelley Blue Book publication, but it is probably a good idea to check it out yourself so you aren’t pressured into selling your car to them, or trading your car in for a new one. Another source may be a website for the manufacturer of your brand of vehicle. Is Black Book Car Pricing Generally Higher or Lower than Blue Book Values? When it comes to selling your car, you want the best price you can get, and studies have shown that black book car pricing, on average, are lower than the trade-in amounts shown in either the Kelley Blue Book or in the NADA and edmunds listings. Black Book gets its prices for used cars based on the weekly amounts that cars sell for at wholesale auctions. Black Book gets these auction price lists from about 50 auctions a week and then averages the prices together to get the price they list for the used vehicles in their weekly publication. They also bounce these auction prices off what the local dealers are charging for cars.
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Edmunds Used Car Appraisal

About Used Cars Edmunds.com has all you need to know about buying or selling a used car. Search our used car inventory by make, model or body type to find a complete listing of used cars in your area. Our used car listings include photos, videos, vehicle details and pricing, along with easy ways to contact the dealership for more info. Need to sell your car? Find out what your used car is worth with our True Market Value┬« appraisal tool, which allows you to easily compare the dealership trade-in, private party and dealer retail price estimates. If you are hesitant about buying a used car, you may also want to consider a certified pre-owned vehicle. At Edmunds.com you can easily research and compare available certified pre-owned programs by manufacturer. Don’t forget to see our tips and advice articles for helpful information on buying, selling or leasing used cars.
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Edmunds Used Car Appraisal

Edmunds.com has all you need to know about buying or selling a used car. Search our used car inventory by make, model or body type to find a complete listing of used cars in your area. Our used car listings include photos, videos, vehicle details and pricing, along with easy ways to contact the dealership for more info. Need to sell your car? Find out what your used car is worth with our True Market Value┬« appraisal tool, which allows you to easily compare the dealership trade-in, private party and dealer retail price estimates. If you are hesitant about buying a used car, you may also want to consider a certified pre-owned vehicle. At Edmunds.com you can easily research and compare available certified pre-owned programs by manufacturer. Don’t forget to see our tips and advice articles for helpful information on buying, selling or leasing used cars.
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Edmunds Used Car Appraisal

Edmunds.com’s Quick Guide to Selling Your Car By Ronald Montoya All You Need To Know in 5 Easy Steps Selling your car today is a different experience than it was 10 or 15 years ago, thanks to the tools available on the Internet. Online appraisal tools and Internet classified ads have made the process faster and more convenient. Edmunds.com has an in-depth 10-step guide to selling your car, but this article condenses the selling process into five simple steps that can help you turn your used car into cash in the shortest time possible. You can also print out this article and use it as a checklist to keep you on track. Read Full Article
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Edmunds Used Car Appraisal

Where to Go You can find the Edmunds used-car appraisal tool in three places: the “wired” or traditional Web site, our mobile site and our app for smartphones and tablets. The order of the appraisal steps is a little different for each, but the same information will apply.
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Edmunds Used Car Appraisal

The Edmunds used car price guide generates car values from a wide variety of sources, including dealership transactions, depreciation costs for unique vehicles and private seller information. The guide splits car condition up into 5 different categories which you can use to help judge the price of your vehicle through comparison. Naturally, a salvage level car will sell for only a fraction of the cost of a like-new model of the same vehicle. Generally speaking, most buyers and sellers agree that Edmunds has a more comprehensive listing of car conditions than Kelley Blue Book does.
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Edmunds Used Car Appraisal

Edmunds.com used car appraisal aims to give you the most accurate price for your current car/vehicle. This allows you as a consumer to decide whether to trade-in or sell your car when you’re ready to buy a new one. The price is based on the year, make, model, and options of your car.
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Edmunds Used Car Appraisal

It’s Easy To Be Real Getting a realistic value for your car is key to what you do next, whether that’s selling the car, trading it in or even keeping it for a while longer. By using the Edmunds.com car appraisal tool in any of its forms, you’ll have a clear-eyed assessment of your car’s real worth, not a number based on guesswork and high hopes.

Published on Mar 9, 2017 | Under Car | By michael ellis
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