Question: What Is Excellent Condition For KBB?

Which car value site is best?

Kelley Blue Book (KBB) Kelley Blue Book is one of many tools, along with the Black Book, used by car dealers to research and determine car values for their inventory.

In general, you’ll find that the Kelley Blue Book values are similar to those provided by Edmunds..

What does excellent condition mean?

Very cleanExcellent Condition: Very clean, might have some minor wear, dings, scratches, or finish cracks, but otherwise very close to new condition. VGC.

Do banks use NADA or KBB?

Kelley Blue Book and Edmunds are two of the most well known used car pricing guides in the United States. There is also another: NADA—but, NADA is usually used by banks or car dealers to show you an inflated price value. Therefore, you should never use NADA books for real references.

What should you not say to a car salesman?

10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman. … “I don’t know that much about cars” … “My trade-in is outside” … “I don’t want to get taken to the cleaners” … “My credit isn’t that good” … “I’m paying cash” … “I need to buy a car today” … “I need a monthly payment under $350”More items…•

What is NADA suggested price?

MSRP: MSRP is the base Manufacturer’s Suggested Retail Price at the time of introduction, including standard equipment only and excludes taxes, transportation and destination. Suggested List Price: The value listed reflects the approximate price of the unit when it is brand new.

What is the difference between NADA and Kelley Blue Book?

The main difference between the NADA Guides and the Kelley Blue Book is their method of computing a vehicle’s value. Whereas KBB focuses on condition, mileage, popularity, and features, NADA places more importance on the car’s wholesale price.

What is Black Book trade in value?

The Black Book is what dealerships typically use to lookup pricing information about new, used car, truck, and recreational vehicle prices. Black Book updates the Dealer invoice and Manufacturers Suggested Retail Prices (MSRP) weekly. Dealers also use the Black Book loan values for finance purposes.

Which is more accurate Kelley Blue Book or NADA?

Many experts believe Edmunds’ values are more accurate than KBB’s. … NADA pricing is often higher than Kelley Blue Book since the algorithm has a standard that calls for all trade-ins to be in very clean condition. As a result, you may need to adjust NADA prices down.

What is average condition for a car?

Average: My car has normal signs of wear and tear and needs minor reconditioning to be resold. It may have small dents, dings or scratches and may need some maintenance, but does not require major mechanical or cosmetic repair.

What does like new condition mean?

Collectible – Like New: An apparently untouched item in perfect condition. The original protective wrapping, if any, may be missing, but the original packaging is intact. There are absolutely no signs of wear.

What is another word for good condition?

Similar words for in good condition: fit (adjective) hardy (adjective) lively (adjective) untouched (adjective)

Will a dealership give me KBB value?

Dealerships have to make a profit, so you cannot expect to get a fair Kelley Blue Book price. Even if you do get a fair price on a trade in, you will lose that money on the other side of the deal.