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| Kelly bluebook vs. Edmunds | |
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| Tweet Topic Started: Jul 31 2011, 04:12 AM (301 Views) | |
| jon-nyc | Jul 31 2011, 04:12 AM Post #1 |
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Cheers
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I see a huge price discrepancy, Kelly sometimes 100% higher than Edmunds, for the same car listed as 'private party sale', not dealer sale. (e.g., 1997 Corolla - 120% price dif, 2002 Corolla, 80% price dif) Repeat, these are both supposedly private sale prices, NOT dealer asking prices. Why the huge discrepancy? Which is more representative? |
| In my defense, I was left unsupervised. | |
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| Mikhailoh | Jul 31 2011, 04:20 AM Post #2 |
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If you want trouble, find yourself a redhead
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The ultra low mileage on yours may mess it up. I wouldn't worry too much. Your car is probably worth around 3k give or take. It's worth a lot more in transportation to you, though, and probably has not seen too much salt so rust might not be a problem. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| Jolly | Jul 31 2011, 04:55 AM Post #3 |
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Geaux Tigers!
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Dealers down here us the N.A.D.A. guides. I don't think they have a private seller category, but I've always found them to better reflect the market. |
| The main obstacle to a stable and just world order is the United States.- George Soros | |
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| jon-nyc | Jul 31 2011, 05:01 AM Post #4 |
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Cheers
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The difference is consistent across miles, years, etc. It must be structural. I'm guessing Kelly's is a dealer service, purposely inflated? |
| In my defense, I was left unsupervised. | |
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| Axtremus | Jul 31 2011, 05:01 AM Post #5 |
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HOLY CARP!!!
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Jon, I assume you're asking this to figure out tax related matters. I'd say go with the NADA, if for no other reason than that I've seen the DMV cross checking my reported sales figure with a NADA guide in the past. |
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| jon-nyc | Jul 31 2011, 05:04 AM Post #6 |
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Cheers
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I'm asking because I'm curious. The discrepancy is too large and too consistent to be accidental. |
| In my defense, I was left unsupervised. | |
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| Jolly | Jul 31 2011, 05:13 AM Post #7 |
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Geaux Tigers!
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If it's a gift, it doesn't matter for income tax purposes. For registration, I'd lowball it and write it up as needing repairs, which is the truth, since you'll be replacing belts, etc. |
| The main obstacle to a stable and just world order is the United States.- George Soros | |
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| jon-nyc | Jul 31 2011, 09:13 AM Post #8 |
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Cheers
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Thanks but, really, don't read anything into the question. I'm asking a general question about the two publications and thought someone here might know. |
| In my defense, I was left unsupervised. | |
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| jon-nyc | Jul 31 2011, 09:22 AM Post #9 |
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Cheers
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e.g. 2000 Chevy Impala LS, Private party sale, good condition. Kelly: 5,735 Edmunds: 3,359 diff: 70% |
| In my defense, I was left unsupervised. | |
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| kenny | Jul 31 2011, 10:22 AM Post #10 |
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HOLY CARP!!!
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Same zip code? Little Japanese hybrids are more in demand in San Francisco than in Podunk Wyoming where American Ford F250 Pick up trucks are in relatively high demand. |
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| jon-nyc | Jul 31 2011, 10:45 AM Post #11 |
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Cheers
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Yeah, same zip code. Same everything, but price. |
| In my defense, I was left unsupervised. | |
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| kenny | Jul 31 2011, 11:10 AM Post #12 |
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HOLY CARP!!!
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Then maybe it's data noise from an unusually low or high-priced sale combined with a small sample size. |
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| jon-nyc | Jul 31 2011, 12:10 PM Post #13 |
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Cheers
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That seems unlikely given the consistency of the discrepancy across makes, models, and years. |
| In my defense, I was left unsupervised. | |
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4:51 PM Jul 10