Sunday, January 8, 2012

Which guide do most car dealerships use to price there vehicles? NADA, Kelly Blue Book, Edmunds, Black Book?

Which one should I use when buying a new car so I don't get ripped off?|||Depends on the dealership.


Remember, pricing guides only provide an estimate of what your car is worth.


There is no 'true right answer'. A used car is worth what someone is willing to pay for it.|||It depends on which part of the country you are in....East Coast dealers generally use Black Book or NADA, West Coast dealers including Mountain States usually use Blue Book.





These are only guides, actually, not pricing mandates. They were developed so banks could value the merchandise before making a loan on the vehicles. Currently they are used as purchasing and selling guides, but that's all they are - guides.





An extremely well maintained, unique vehicle may bring more both wholesale and retail while another common vehicle in fair condition might bring less than "book" figures because there is a glut on the market.





These are also only used for Used Cars. New Cars are priced by Federal guidelines that the general public knows as the "window sticker". For a new car I would suggest using the manufacturer web site to find the dealers that have the car you want and then negotiate your best deal with them. Most New Cars can be purchased for $500 over invoice, less any dealer/rebate/incentives.|||Most dealers use "Black book" to value used cars. Black books are the most accurate as they reflect actual dealer auction prices as opposed to theoretical prices of NADA or KBB.





They dont use books to price their new cars. They have the MSRP and they know their cost.|||All of them.





Since no two sources can agree on a price take them all into consideration and calculate the average based on all the guides.

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