what one is more accurate? - NJFBOA - Home of New Jersey's Camaros and Firebirds

Saitin · 02-15-2009, 06:07 PM

Kelly blue book and NADA what ones is more accurate more widely used?
Reasoning,I was looking at a 99 TA 30th 6 spd with 114000 on the clock,and I did a KBB on it and it came back 7800 private party 9500 retail. Nada says the following,
"NADA VALUES LOW RETAIL = $12,600 MID RETAIL VALUE = $15,800 HIGH RETAIL = $18,700 and up "

so what one is more accurate?
KBB seems better as it takes into account milage and so forth where as nada just used year make and model.

WildBillyT · 02-15-2009, 06:11 PM

Sounds like KBB. But both are kind of "meh" when it comes to accuracy. Depends on each case by itself.

maroman88 · 02-15-2009, 06:12 PM

its hard for cars like ours.... esp a 30th ta

Saitin · 02-15-2009, 06:16 PM

well the guy is asking 15k for it I offered 10k and he is going by nada I am going by KBB
and it is bone stock

NJ346 · 02-15-2009, 06:18 PM

My answer is this: if your trying to buy the car use KBB, if your trying to sell it use NADA.

Also, since the car has 114,000 miles on it the fact that it's a 30th anniversary addition gets thrown out the window. The car is worth no more than the 10k you offered.

MonmouthCtyAntz · 02-15-2009, 06:29 PM

Quote:

Originally Posted by maroman88

its hard for cars like ours.... esp a 30th ta

Yea dont try buying a LS1 using the KBB, guys will have fits

mc73nova · 02-15-2009, 06:36 PM

Galves is what car dealers use when giving prices on used vehicles, it is the most accurate when trying to see what your car is really worth. Those other sites are a joke and way off, I run when I go to look at a car and they say they know what its worth on KBB. You can get an idea of how far off they are by going on ebay. If you notice on the top right corner of the screen it will tell you the KBB estimated selling price of the cars listed and also give you the actual amount of the price of the vehicles being sold, they are way off.

Frosty · 02-15-2009, 06:41 PM

LOL@the guy asking $15K,he's out of his mind.

This time KBB is more accurate IMO, usually NADA is more accurate though it's hit or miss. Certain types of cars really have their own market value.

Ian · 02-15-2009, 08:22 PM

out of those two choices, NADA is probably more accurate. Galves is much more accurate than both of those though.

JL8Jeff · 02-15-2009, 09:05 PM

On a car like that it really comes down to what they actually sell for. You couldn't find a meaningfull price when I was selling my 93 Z28 Indy 500 Pace Car. You have to look at what's for sale and what has sold. With that mileage, it's not worth more than $10-11K at most.

NastyEllEssWon · 02-15-2009, 10:32 PM

i wouldnt pay 10k for a car with 100k miles

91DropTop · 02-15-2009, 10:57 PM

nada is what banks and loan companies go by when they decide to finance you

jims69camaro · 02-16-2009, 08:29 AM

Quote:

Originally Posted by Saitin

nada just used year make and model.

not so. NADA guide has a mileage table at the beginning of the book, and it assigns a roman numeral to year and mileage - which is more accurate than just amount of miles. example: car is a 95, it has 112000 miles, NADA would take into account that that is less than 12k miles a year and either add or deduct from the price given under the make and model.

in either case, they are just guides. not usually used to get an exact number,, mroe of a range of prices where your car could sell.

jims69camaro · 02-16-2009, 09:00 AM

Quote:

Originally Posted by mc73nova

Galves is what car dealers use when giving prices on used vehicles.

not all dealers. the dealers by me use NADA. i've seen dealers use KBB. all they really want to do is get a range of what your car is worth. i've seen used car managers call another dealership to get a price range. say you're a chevy dealer and someone wants to trade a toyota. of course you have no idea what they're worth, so you call a toyota dealer and he gives you the range. they are using the other dealer the same way they use Galves&Loan, NADA or KBB. it's a toss-up which is "more accurate", but they all supply a range, a point where to start the negotiation.

Knipps · 02-16-2009, 05:21 PM

Location/demand can be a huge factor in determining the values. The books may not change as quick as the market. Being the car's a special edition it's worth more than your avg T/A

ta350 · 02-16-2009, 08:23 PM

NADA is what DEALERSHIPS use and also NADA is used by INSURANCE COMPANIES.... kbb is garbage to us.

FBODS4EVER · 02-16-2009, 08:31 PM

Quote:

Originally Posted by NastyEllEssWon

i wouldnt pay 10k for a car with 100k miles

x2

id rather get one of the t/a's the 2 guys are selling on our site...

bubba428 · 02-19-2009, 02:42 AM

NaDa says my buick is worth 9k in exellent condition...BS and KBB don't go back that far