Why such a big difference?

Question

I am selling my 1999 pontiac grand prix gt- its completely loaded with tonws of extrqas. aNYWAYS nADA LISTS my cars resell value for good condition at 5500.. meanwhile keppy blue boook says only 4400.. why such a difference between the two? and what is a good price? Was thinking of listing at 5200 and if someone 'dickers' going down to 4800.

Answer 1

Both of these sources are nothing but guides, and do not determine necessarily an accurate value. There is also www.edmonds.com. The reason for the disparity in numbers is because NADA is more of a bank guide to help them determine loan values where kbb and Edmond's are going to be closer to trade in value that you may expect to get at a dealer. If you are selling the car yourself, you would be safe using the "private seller" value provided by kbb. You will want to probably use the fair, not excellent. Despite what you may think about your car, nobody else will think it is excellent condition, and you will never get anyone to pay that unless they are asleep. You may also check your local paper for similar cars and what they are selling for, as well as, www.autotrader.com. I think you may be surprised.
Hope this helps

Answer 2

The Kelly Blue Book has always had some inaccuracies in its reporting of car values, because they do not take into account the exact condition of your car quite the same way that NADA does. The best report to go with here is NADA, because they have always given the more realistic value of cars that I have seen.

Answer 3

All car jockey's use the NADA book to determine prices. You can access this information on your computer. It lists three values You determine where your car fits. They (NADA) explain the guidelines for choosing your price bracket so you can accurately choose where your car falls.

Have fun!