Which appraisal service is more accurate, 'Kelly Blue book' or 'NADA'?

Question

I want to get the best deal on a truck, but there is a wide difference in the prices from these services . Not sure which one to use for base pricing.

Answer 1

Kelly is what banks use to determine how much to loan you, NADA has a few more extras like options, different levals of high milage, but in the end these make little differnence in what the bank will lend you, a private party will pay, or trade in value.

Answer 2

Edmunds.

Answer 3

I buy alot of cars, and I find neither are real world value

Answer 4

both go by what happens at the auction depends on where you live if your looking for a truck you can pretty much name your price in this market dont go by what they say used vec. have a huge mark up and believe me they will take what ever you tell them to get rid of it  

Answer 5

None are actual that you need to do some judgement yourself.

KBB seems to be much lower than NADA, the price is quite true for the MDX that I bought. You can use autotrader.com, cars.com to see what price others selling - even the lowest price you still have 1k to 2k of negoitate room, ebay reasearch is quite helpful to to find what other people are paying for the car.  

Answer 6

Ultimately the market will determine what your car is worth.

Realistically you should go by the lower of the two with today's economy.  

Answer 7

Actually most dealers and banks use the Black Book.  It's not available to the general public so unless you've got a friend on the inside you're out of luck.  I work in the banking industry and the Black Book values are generally lower on trade-in and finance values and higher on retail.

Take an average of KBB and NADA and you'll be pretty close on a private sale.