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Kelly or NADA
Posted: Tue Jan 30, 2007 12:45 pm
by missed mallards
What is the more common of the two when trying to figure out the value of one's vehicle? What's more common with dealers, bankers, consumers? Just curious if ya'll know.
thanks, MM
Posted: Tue Jan 30, 2007 12:48 pm
by Dutch Dog
From what I've discovered, You can go to
http://www.kbb.com and look there, deduct @ $2000 from what you get and that's about what the dealer will give you on trade.
Posted: Tue Jan 30, 2007 1:57 pm
by jtdumallard
bankers go by NADA as for as loan amount on vehicles
Posted: Tue Jan 30, 2007 2:48 pm
by rciii
dealers have a black that they go by.
Posted: Tue Jan 30, 2007 3:04 pm
by Bankermane
Back in my early days a guy brought me a title to an 83 Honda. This was prolly in 85. I got my NADA book out and determined the loan value, and loaned him $3300.00. Found out after he quit paying that I had a title to a Honda Big Red. So, don't ask bankers what we use.
Posted: Tue Jan 30, 2007 4:37 pm
by missed mallards
Thanks for the replies.
Posted: Tue Jan 30, 2007 7:37 pm
by TrevorH454
Around here, everyone uses the NADA. I'm an adjuster, and we only use the NADA - you can throw the KBB out the window. Dad's a banker, and he also uses the NADA.
Posted: Tue Jan 30, 2007 8:22 pm
by KRT
rciii wrote:dealers have a black that they go by.
yep, dealers black book! Values are different from both NADA and KBB
book
Posted: Tue Jan 30, 2007 8:55 pm
by outlaw josey wales
black book is what vehicles are bringing weekly at the auction and it is what we use to determine values. kbb is the dumbest ever . they are so out it is unreal.
Posted: Tue Jan 30, 2007 9:07 pm
by Money