Get used car values with edmunds car value appraisal tool. I had bought it used in 20 at a place similar to carmax and had it for two years but i had 108k miles on it since i drive a lot. If you must trade in your car, heres how to get the most for. When i opened the engine it was spotless and i owned the car for two years. Quickly estimate the value of a vehicle or calculate what you can expect to get on a tradein. How carmax s usedcar prices compare to kelley blue book. This way you will have an estimate of what your car is worth. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Kelley blue book is probably best known for trade in values and private party values for the car you already have. Jun 25, 2012 we carefully appraised the 2004 mazda6 before we visited carmax. If you must trade in your car, heres how to get the most for it. They try to buy at low wholesale and sell at the top retail price. 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.
Kelley blue book trade in value how to maximize your used car trade in value. Before you rely on carmax to deliver an unreliable tradein value, see. Tradein value when you want to trade your car to a. Car prices and values for trucks and suvs canadian black book. Carmax employees reveal why the company may not be the best. Should you sell your car yourself or accept kelley blue. Get used car, truck and suv values with edmunds car value appraisal tool.
One would think, then, that listed prices would be high, and one would be right. In addition to taking a vehicles year, make, model, mileage, location and condition into consideration, carfax historybased value is powered by vehiclespecific data thats unique to carfax and tied directly to each car through its vehicle identification number vin. Carmax can evaluate tradeins for free and make you an offer that is good for seven days. Listed automobiles are appraised, and market values assigned. We offer free price and valuation tools where new and used car shoppers can look up the. For those who have already purchased a model 3 and traded in a vehicle, how did the tradein allowance from tesla compare to blue book value, or conventional autodealer tradein values. Just like any good reseller, carmax makes its money by buying low and selling high. Blue book trade in value, maximize your used car trade in.
Tell me about selling a car to carmax ars technica openforum. New car prices and used car book values nadaguides. If you must trade in your car, heres how to get the most. When you trade in your vehicle at other dealerships, you cant be sure the dealer isnt boosting your trade in value in order to charge you more for a new car. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Kelley blue book is best for research and price comparisons. We carefully appraised the 2004 mazda6 before we visited carmax. Call or visit your local carmax location today, and our specialists will be happy to answer your questions. I gave it to my mom to trade in with her old car to get a new car elsewhere. Its the source for current transaction prices, whether a used car is a tradein or sold through a private party or dealer.
Youre basically guaranteed to get a better offer elsewhere. Since 1926, the organization has monitored usedcar transactions, publishing marketdriven values on preowned cars. If you have a newer vehicle avoid carmax at all cost. We are looking to purchase a new toyota sienna and are trading in a 2007 saturn vue, if it matters. How carmaxs usedcar prices compare to kelley blue book. According to kelley blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side of things. Carmax completely low balled me and it wasnt close. The most commonly used are the kelly blue book, and the edmunds used price guide. Shop new or used cars, whether youre on the lot or on the go. This is an as is value that does not include any warranties.
Though variables like odometer readings, damage history and location can greatly influence the trade in value, the average is a good way to gauge roughly how much it will trade for. People sometimes call up the cars kelley blue book value. The kelley blue book trade in range shows what a consumer can expect to. Jul 12, 2014 if you must trade in your car, heres how to get the most for it. So anyone wanting to write how carmax ripped you off on an offer can read this and educate yourself. According to kelley blue book, the brands with the best resale value are. Anonymous ill explain how kelly blue book derives values. Get a used car value range and average thats based on how much comparable vehicles have sold for in your area. We only ask questions that impact your cars value, so you can get to a real cash offer in minutes. Their pricing and value data includes statistical analysis that allows for current and timesensitive changes in historical valuation to be easily understood resulting in reliable predictors of values and potential risks.
Look up your cars value on the kelley blue book or edmunds sites. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds. Did you get the kelly blue book value on your tradein. So off i trekked to carmax, mostly just to see what they would offer me. Leave with payment in hand, apply to tradein, or take 7 days to think about it.
For those who have already purchased a model 3 and traded in a vehicle, how did the trade in allowance from tesla compare to blue book value, or conventional autodealer trade in values. Find out what your car is worth at, the trusted resource for used car values. Value is also dependent on a specific carmaxs inventory. Enter your cars information and instantly get a value estimate. They report two numbers, new vehicle price and trade in value. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue. Bottom line is carmax is going to give you a price they feel good about. You can expect a few hundred dollars below average trade in value if your car is in good shape. And, blue book value doesnt mean that is what your car is going to sell for there are market factors that vary the final sales price of a car. Trade in or sell your car with an official offer based on kelley blue book values. Used car values, price guide and tradein estimator. Look up the nada used car value and also check your cars tradein value using pricing guides such as and kelley blue book.
The final sales price depends on the cars actual condition and local market factors. Mar 23, 2018 kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Leave with payment in hand, apply to trade in, or take 7 days to think about it. 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. What have your experiences been are we more likely to get closer to blue book value from carmax or by trading in at the dealership. Of course carmax and any other dealer is going to offer less than retail for a car.
Trade in value when you want to trade your car to a dealership. Black book used car values kelly black book nadaguides. When youre visiting a dealership, you can walk in confidently with the kelley blue book tradein value and tradein range for your car. Whats the difference between trading in a car, a private sale, and selling to carmax. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. Mar 02, 2020 the kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. Make sure you find and write down the tradein value for. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to. Why cant i get a straight answer for the value of my car from nada.
Ultimately, whether its black book or kelley blue book used car values, your tradein value is dependent on several factors including make, model, year, condition, accessories and. Kelly blue book kbb and the national automobile dealers association nada are two other popular providers of valuation information. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. Nada guides is the leader in accurate vehicle pricing and vehicle information. I know kbb does not sell nor buy cars so it is a made up number but how much of a hit should i expect between the two.
If you choose to sell your car yourself, the private party value stands as a starting point. This brand has been around for almost as long as the automobile so long that the term blue book value which harkens back to the color of kbbs original printed guides is now synonymous with any car pricing guide. Carmax sets their own used car values so you cant anticipate an offer by exploring kelley blue book, ebay, craigslist, etc. Obviously i took what tesla gave me for the tradein. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which is typically higher than tradein value. New and used car values, find out car pricing, and whats my car worth get kelley blue books value to sell a car, and find your cars value with autotraders. Seems many people do not understand there is a difference between the wholesale price of a car and the retail price. Kelley blue book trade in value is kelleys estimation of what a consumer could expect to receive for their vehicle if they were to trade it in to a car dealer.
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. Whats interesting, though, are its mostvaluable listed cars. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth. Mar 08, 2020 most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices. Havent visited the dealer yet just using the tools on their web site. Kelley blue book kbb is the gold standard in setting usedcar valuations. Nada kelly blue book value first, go to nada kelly blue book to find out what your car is worth. Price to book value is a valuation ratio that is measured by stock price book value per share. But i definitely feel like i got a fair market value for my trade in. Jun 01, 2016 kelley blue book kbb is the gold standard in setting usedcar valuations. Those who have traded in their cars to carmax, how much did you get in comparison to kbb.
Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Only select new dealerships not all report numbers to kbb. Nada values vehicles based on auction and retail sales transactions, so if it is special. The kelley blue book value is a price for a particular automobile make and model from the largest automotive valuation company in the u. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Vehicle history is an important factor in determining a cars value. Should you sell your car yourself or accept kelley blue book. If the car has high mileage or is over 10 years old, dont bother trying to sell it. How carmax s usedcar prices compare to kelley blue book thinknum media. Get the kelley blue book value for your used car or trade in vehicle, find tools to help you with buying or. Blue book, the brands with the best resale value are toyota on the midend and porsche on the luxury side. Most used car sellers, including carmax, use the prices calculated by kelley blue book, or kbb.
Take your tradein to carmax to get a firm price in writing thats good for seven days. Usually, those who use one are also familiar with the other. A quick tour of kelley blue books usedcar valuation. I could not get the kelly blue book value because it didnt list this years model year yet. The used car price guide is the perfect place to start if you are considering selling your current vehicle, buying a used car from a private party, or looking to tradein at the dealership. It does have an average retail and low retail value to help you judge the market value of your rv. Jul 18, 2019 so off i trekked to carmax, mostly just to see what they would offer me. Both companies consider the following factors in their offersestimates. At carmax, well buy your car even if you dont buy ours. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Get a free offer in minutes and find out what you can get for your car today. Research the latest new car prices, deals, used car values, specs and more. If youd like to sell or trade with us, get an estimate and book an appointment.