Automobile Pricing Guides

A listener wants to know the difference between the various car services like NADA, Edmunds and KBB, which quote you on the resale value of cars.

QUESTION: A listener wants to know the difference between the various car services like NADA, Edmunds and KBB, which quote you on the resale value of cars.

ANSWER: NADA uses what they call loan value, which basically amounts to what a bank will want to lend on the car. Edmunds and Kelley Blue Book are pretty accurate. I don’t necessarily think that one is more accurate than the other. You have to gather a whole series of pieces of information. I always look at KBB’s private sale value when I’m selling or buying. I would rate Edmunds before NADA because NADA seems to be oriented more toward the dealer than the individual. I also shop the car online and compare prices.