How accurate are KBB's price?

Prissy · 11-07-2013, 03:54 PM

How accurate are the KBB's price for "dealer trade ins" and "private party sales"? Can someone give me examples? Thanks.

Kolyan2k · 11-07-2013, 04:04 PM

all depends on a car. you might get kbb "trade-in" if you purchase already overpriced car. i usually go by NADA.com trade-in as my purchase price. < have purchased all my cars like that

roadkillrob · 11-07-2013, 07:37 PM

All the dealers seem to hate KBB and it seems to be way off some times.

Second for NADA.com - they seem better more up to date on the current market.

twinship · 11-07-2013, 07:42 PM

The last 2 times I traded in cars, I mentioned the KBB price but was offered significantly less. Both times the dealer told me that they never pay KBB prices. FWIW.

rusn007 · 11-07-2013, 07:43 PM

I have sold 3 cars in the past couple of years. Seems that Edmunds.com private party was the closest to what I actually got for my car. Also, we all think our cars are in excellent condition, but in reality, whatever condition you think your car is in, drop it by 1.

just my $0.02

DC_Oldboy · 11-07-2013, 08:25 PM

KBB and Edmunds is one of the top trusted site and it's what I use.

mythek · 11-07-2013, 08:39 PM

kbb is not accurate, but it gives u a rough idea of how much a car is valued depending on condition and options. I used to work with tons of auto loans, and NADA is used by a lot of lenders.

Prissy · 11-07-2013, 09:50 PM

Thankss guys!

DaveNJ80 · 11-07-2013, 09:59 PM

NADA and Edmunds

Ghoste90 · 11-07-2013, 10:07 PM

NADA ...

ping65810 · 11-07-2013, 11:11 PM

NADA is used by lenders and insurance companies, in actuality, market value is market value. There is no real book for it. Galves' auction guide used to be pretty good, but a lot don't like that either.

mike@x-ph.com · 11-08-2013, 06:08 AM

if you are buying/selling from/to private seller they are very accurate and fair.
If you are buying/selling from/to a dealer never expects them to give you that price.

mccannable · 11-08-2013, 06:17 AM

They ask more and give less.

Miller335 · 11-08-2013, 07:22 AM

I personally don't understand Edmunds pricing.

KBB and nada will say one thing and Edmunds will usually come in at 25%-33% less then those two almost as if you're comparing a clean title to a salvaged one.

When I sell a car and someone brings up edmunds pricing I laugh.

Harry335i · 11-08-2013, 08:22 AM

They are not using Nada or Kbb. They are referring to the auctions and what your vehicle will bring there. I recently traded my x5. Went by what Kbb and got nothing close to what Kbb said it was worth.

Roberto Cervezas · 11-08-2013, 08:23 AM

Quote:

Originally Posted by Miller335

I personally don't understand Edmunds pricing.

KBB and nada will say one thing and Edmunds will usually come in at 25%-33% less then those two almost as if you're comparing a clean title to a salvaged one.

When I sell a car and someone brings up edmunds pricing I laugh.

You may not like the answer they give, but Edmunds is the most accurate. If you have access to auction lists, compare them to what the online guides say and let me know what you find.

Miller335 · 11-08-2013, 08:37 AM

Lol ok.

Soo nada and kbb says my car is 24.5k-25.5k private party and Edmunds says it 15.5k private party.

If someone offered me 15.5k I'd ask them if they were smoking rocks.

Where were all the Edmund priced 335's and C5Z's when I was looking for them, for two years mind you?

There must be some secret code word that makes a seller go from nada/kbb pricing to Edmunds pricing?

Roberto Cervezas · 11-08-2013, 08:52 AM

Quote:

Originally Posted by Miller335

Lol ok.

Soo nada and kbb says my car is 24.5k-25.5k private party and Edmunds says it 15.5k private party.

If someone offered me 15.5k I'd ask them if they were smoking rocks.

Where were all the Edmund priced 335's and C5Z's when I was looking for them, for two years mind you?

There must be some secret code word that makes a seller go from nada/kbb pricing to Edmunds pricing?

That is quite a spread and is not the norm. None of the guides are correct all the time, but Edmunds is correct much more often than the others.

P.S.- Just looked on Autotrader.com, and we do have a lot of 2007 E92's 335s in the $17k-$18k range from dealers. This equals about $15.5k to $16.5k from a private seller.

Miller335 · 11-08-2013, 09:21 AM

That spread was the norm for the last few years I've look at both C5Z's and 335's. If I went off of edmunds pricing I could get a M3 for the price that I bought my 335 for.

DRock3d · 11-08-2013, 09:32 AM

NADA is always a little high but much more accurate than KBB for a private sale. When you get a loan they use NADA. Edmunds sounds like a dealer trade in offer, they have to make money selling that thing after all.

The Cleaner · 11-08-2013, 10:18 AM

Dealer trade in's are priced at current wholesale auction prices, if they plan to keep the car and sell it themselves you might get a few more dollars.

SteveL · 11-08-2013, 10:50 AM

So I just went through this same excercise and based on my experience, NADA/KBB are high and Edmunds is pretty close to what I could get on trade in.

You can always get lucky and find a dealer who has a buyer lined up to buy it. But in reality, as someone pointed out to me, why would the dealer pay more for your car than the same/similar car they can get wholesale/auction.

And as many will point out, you can always make more selling your car yourself which is what I've done in the past but I must admit there is some benefit to a completely hassle free transaction.

11-07-2013, 03:54 PM	#1
Prissy Brigadier General 1071 Rep 4,856 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	How accurate are KBB's price? How accurate are the KBB's price for "dealer trade ins" and "private party sales"? Can someone give me examples? Thanks.
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11-07-2013, 04:04 PM	#2
Kolyan2k Major General 922 Rep 5,538 Posts Drives: 2006 S2000 Join Date: Apr 2010 Location: Boston iTrader: (1)	all depends on a car. you might get kbb "trade-in" if you purchase already overpriced car. i usually go by NADA.com trade-in as my purchase price. < have purchased all my cars like that
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11-07-2013, 07:37 PM	#3
roadkillrob Major General 866 Rep 5,450 Posts Drives: 08 335i,22 X3M, 2012 C63 Black Join Date: Jul 2007 Location: Boston iTrader: (15)	All the dealers seem to hate KBB and it seems to be way off some times. Second for NADA.com - they seem better more up to date on the current market. __________________ 2022 X3M Brooklyn Grey 2008 E93 335i FBO 2012 Mercedes C63 Black Series Alanite Grey
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11-07-2013, 07:42 PM	#4
twinship Booosted 44 Rep 832 Posts Drives: 2008 335i Join Date: Nov 2009 Location: Los Angeles iTrader: (3) Garage List 2008 335i [0.00]	The last 2 times I traded in cars, I mentioned the KBB price but was offered significantly less. Both times the dealer told me that they never pay KBB prices. FWIW. __________________ 2008 BMW 335i//Jet Black on Black Dakota Leather//Steptronic, Sport Package, Premium Package, Logic7 Sound, Aluminum Trim, iPOD & USB, Cobb S1+ Sport, ER FMIC, ER CP, K&N Filter, H&R Sport Springs, Koni Yellows, ECS Tuning spacers (F-10mm/R-15mm), Akebono pads, OEM Rear Aero Spoiler, OEM Sport Diffusor, Cyba 3.8" Tips, OEM Aluminum Pedals, M-tech Steering Wheel, Clear Reflectors
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11-07-2013, 07:43 PM	#5
rusn007 Private First Class 12 Rep 125 Posts Drives: 2011 E92 Join Date: Sep 2011 Location: Los Angeles iTrader: (0)	I have sold 3 cars in the past couple of years. Seems that Edmunds.com private party was the closest to what I actually got for my car. Also, we all think our cars are in excellent condition, but in reality, whatever condition you think your car is in, drop it by 1. just my $0.02
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11-07-2013, 08:25 PM	#6
DC_Oldboy Q(.)-D Q-(^.~Q) 214 Rep 5,378 Posts Drives: like an old person. Join Date: Aug 2009 Location: Bothell, WA iTrader: (39) Garage List 2006 BMW 330i [8.48]	KBB and Edmunds is one of the top trusted site and it's what I use. __________________
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11-07-2013, 08:39 PM	#7
mythek Captain 40 Rep 823 Posts Drives: 2008 335i Coupe TIAG Join Date: Jun 2013 Location: Orange County, CA, USA, NA, EARTH. iTrader: (5)	kbb is not accurate, but it gives u a rough idea of how much a car is valued depending on condition and options. I used to work with tons of auto loans, and NADA is used by a lot of lenders.
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11-07-2013, 09:50 PM	#8
Prissy Brigadier General 1071 Rep 4,856 Posts Drives: M340i Join Date: Sep 2008 Location: NY iTrader: (6) Garage List 2015 BMW F30 [5.50] 2020 M340I [0.00] 2017 X3 [0.00] 2008 BMW E92 [9.00] 2010 BMW E92 [10.00]	Thankss guys!
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11-07-2013, 09:59 PM	#9
DaveNJ80 Private 2 Rep 62 Posts Drives: 2008 BMW 335I E92 Join Date: Aug 2013 Location: Upper Saddle River, NJ iTrader: (4)	NADA and Edmunds __________________ 2008 335i E92
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11-07-2013, 10:07 PM	#10
Ghoste90 Second Lieutenant 12 Rep 213 Posts Drives: '11 335i M Sport Join Date: Oct 2013 Location: TX iTrader: (1) Garage List 2011 BMW 335i M Sport [0.00] 2013 Dodge SRT Charger [0.00] 2006 Honda CBR 600RR [0.00]	NADA ...
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11-07-2013, 11:11 PM	#11
ping65810 Private First Class 1 Rep 150 Posts Drives: 2007 328xi Join Date: Apr 2013 Location: Dracut, MA iTrader: (0)	NADA is used by lenders and insurance companies, in actuality, market value is market value. There is no real book for it. Galves' auction guide used to be pretty good, but a lot don't like that either.
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11-08-2013, 06:08 AM	#12
mike@x-ph.com BimmerPost Supporting Vendor 24199 Rep 190,807 Posts Drives: 07-335/12-328/18-M4/21-M4CP Join Date: Sep 2013 Location: Las Vegas iTrader: (23)	if you are buying/selling from/to private seller they are very accurate and fair. If you are buying/selling from/to a dealer never expects them to give you that price. __________________ Check out our current sale by clicking on this link! https://x-ph.com/sale/ Phone number 702-494-9435
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11-08-2013, 06:17 AM	#13
mccannable First Lieutenant 191 Rep 347 Posts Drives: 2014 X1 Join Date: Jan 2012 Location: central fl iTrader: (2)	They ask more and give less.
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11-08-2013, 07:22 AM	#14
Miller335 Colonel 291 Rep 2,189 Posts Drives: 2007 E92 Join Date: Oct 2013 Location: Portland, OR iTrader: (0)	I personally don't understand Edmunds pricing. KBB and nada will say one thing and Edmunds will usually come in at 25%-33% less then those two almost as if you're comparing a clean title to a salvaged one. When I sell a car and someone brings up edmunds pricing I laugh.
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11-08-2013, 08:22 AM	#15
Harry335i Second Lieutenant 5 Rep 200 Posts Drives: 2011 335i Join Date: Sep 2011 Location: Summerville iTrader: (0)	They are not using Nada or Kbb. They are referring to the auctions and what your vehicle will bring there. I recently traded my x5. Went by what Kbb and got nothing close to what Kbb said it was worth.
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11-08-2013, 08:37 AM	#17
Miller335 Colonel 291 Rep 2,189 Posts Drives: 2007 E92 Join Date: Oct 2013 Location: Portland, OR iTrader: (0)	Lol ok. Soo nada and kbb says my car is 24.5k-25.5k private party and Edmunds says it 15.5k private party. If someone offered me 15.5k I'd ask them if they were smoking rocks. Where were all the Edmund priced 335's and C5Z's when I was looking for them, for two years mind you? There must be some secret code word that makes a seller go from nada/kbb pricing to Edmunds pricing? Last edited by Miller335; 11-08-2013 at 08:48 AM..
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11-08-2013, 09:21 AM	#19
Miller335 Colonel 291 Rep 2,189 Posts Drives: 2007 E92 Join Date: Oct 2013 Location: Portland, OR iTrader: (0)	That spread was the norm for the last few years I've look at both C5Z's and 335's. If I went off of edmunds pricing I could get a M3 for the price that I bought my 335 for.
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11-08-2013, 09:32 AM	#20
DRock3d Kraut Driver 59 Rep 624 Posts Drives: 2014 650i GC/2011 335is DCT Join Date: Aug 2012 Location: Columbus, Ohio iTrader: (0) Garage List 2014 650i Gran Coupe [0.00] 2011 335is [1.00] 2007 328i [2.00]	NADA is always a little high but much more accurate than KBB for a private sale. When you get a loan they use NADA. Edmunds sounds like a dealer trade in offer, they have to make money selling that thing after all.
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11-08-2013, 10:18 AM	#21
The Cleaner Thats all you need to know. 43 Rep 1,188 Posts Drives: 2018 M2 , 2016 X5 Join Date: Dec 2006 Location: Nor Cal iTrader: (2)	Dealer trade in's are priced at current wholesale auction prices, if they plan to keep the car and sell it themselves you might get a few more dollars. __________________ - M2 2018 LBB / Black - X5 F15 2016 Mineral White / Black 1981 Delorean number 6489
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11-08-2013, 10:50 AM	#22
SteveL New Member 3 Rep 26 Posts Drives: E93 335i Join Date: May 2008 Location: SF Bay Area iTrader: (0)	So I just went through this same excercise and based on my experience, NADA/KBB are high and Edmunds is pretty close to what I could get on trade in. You can always get lucky and find a dealer who has a buyer lined up to buy it. But in reality, as someone pointed out to me, why would the dealer pay more for your car than the same/similar car they can get wholesale/auction. And as many will point out, you can always make more selling your car yourself which is what I've done in the past but I must admit there is some benefit to a completely hassle free transaction.
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