Which Free Used Car Price Guide Should You Use?

April 9, 2012

The two main used car price guide destinations online are the Kelly Blue Book and the Nada Guide, but their prices should be compared with other guides.

Online Used Car Price Guide

It is important that the free used car price guide that you choose is one of the better ones. There are two that come to mind, one is the Kelley Blue Book, and the other is the NADA guide. Both give you an estimate car price, but which one should you use.

  • Kelley Blue Book is a consumer driven book, meaning it is geared towards you, the buyer. The site has a plethora of information on cars, and their specifications. The best part is that you can get a free appraisal of your car by entering in some information. You need to enter the make, model, year and trim. Then you can select the value you want to see (trade in, retail, private party, certified pre owned) and then enter the details of your car by checking boxes. Lastly, you can fill in the condition of your car. The price is then shown to you, and you have an estimate price for your car
  • NADA Guide is the site you may want to shy away from. There isn't anything wrong with the site per se. However, as a consumer, you may feel like they are overvaluing their cars. Their guides go under the assumption that your car is in excellent condition—a classification that only applies to 5 percent of used cars. You then have to deduct money from the price, but you can never be sure as to how much to deduct based on your car. It is more of a guessing game, whereas KBB allows you to adjust the price for condition

Compare Other Online Prices

If you're just searching to find a more general price range for a particular vehicle, you might consider browsing websites like Auto Trader or CarsDirect. These websites have thousands of vehicles for sale and will almost always have quite a few vehicles very similar to the one you're thinking of buying or selling. By comparing prices on similarly equipped vehicles you can get gauge an accurate and fair price for your vehicle.

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