Kelly or NADA

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missed mallards
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Kelly or NADA

Postby missed mallards » Tue Jan 30, 2007 12:45 pm

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
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Dutch Dog
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Postby Dutch Dog » Tue Jan 30, 2007 12:48 pm

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.
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jtdumallard
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Postby jtdumallard » Tue Jan 30, 2007 1:57 pm

bankers go by NADA as for as loan amount on vehicles
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rciii
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Postby rciii » Tue Jan 30, 2007 2:48 pm

dealers have a black that they go by.
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Bankermane
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Postby Bankermane » Tue Jan 30, 2007 3:04 pm

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.
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missed mallards
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Postby missed mallards » Tue Jan 30, 2007 4:37 pm

Thanks for the replies.
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TrevorH454
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Postby TrevorH454 » Tue Jan 30, 2007 7:37 pm

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.
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KRT
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Postby KRT » Tue Jan 30, 2007 8:22 pm

rciii wrote:dealers have a black that they go by.


yep, dealers black book! Values are different from both NADA and KBB
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outlaw josey wales
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book

Postby outlaw josey wales » Tue Jan 30, 2007 8:55 pm

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.
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Money
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Postby Money » Tue Jan 30, 2007 9:07 pm

http://www.blackbookusa.com
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