Edmunds Used Car Prices
Edmunds Car Values vs. Kelly Blue Book
Edmunds used car values has become more and more
popular those days.
Some folks
even refer their used car pricing guide as authorities!
According to their website, the company was
founded in
1966 for the purpose of publishing new and used automotive pricing
guides to assist automobile buyers. And their site edmunds.com has been
very active online since 1995.
To my knowledge there is NO PRINTED Edmunds used
car
prices or pricing guide offered like the other 2 major players: Kelly Blue Book and Nada Guides There is no clear
indication about exactly how the data is collected, analyzed to base
the form of pricing guide either.
Dealers and other financial institutions do NOT
use
Edmunds used car values or their pricing guide to appraise
Car Trade-in Value.
There’s ongoing debate on their questionable
private
party sale price and retail pricing information. Also Edmunds and their
people do not attend local auctions to record wholesale transactions
like Black Book did. So the
questions is how accurate is their used car pricing information?
Lower Trade-In Value
& Higher Retail Value
Personally, I do not recommend using the Edmunds
used
car values to determine the trade-in values, the figures are too
inflated!
In my opinion, both Edmunds used car values and
Kelley
Blue Book are in favor of dealers ie lower on the trade-in value and
higher on the retail value.
Some dealers are actually using the Blue Book to
set
values – which can be a lot less than Nada Book Value.
Remember the value and price are different, and
they all
relate to each other. A value is something to be considered and
perceived. The market both buyers and sellers finally determine the
price. Guidelines are just guidelines!
How to Make The Most of It
The author of the site promised to give unbiased
opinion
on anything related to used cars including this website, and this is
what I have to say about Edmunds on the good part!
The site does better jobs on new car pricing than
used,
they are known for their TOC – true cost to own over times.
If you are looking for a price quote on
new vehicles instead, I highly recommend you get a quote from
edmunds
official site to get the best quote and New Car
Pricing is their specialty!
Edmunds - A Fantastic Place
to Research On Used and New Cars
The video section is the best of its kind! You get
to
see rubber meets the road in action, and how one vehicle stack up
against their competitors.
I would suggest using the site as a source of
learning
used cars, the site did a great job on explaining vehicle features
options and model year changes.
Speaking of model year changes, that is one of the
used
car Valuation Variables
you need to take into considerations when you are buying a car. Model
year changes could result in thousands of dollars in the price
difference!
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