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EcoDiesel: NADA vs KBB...what gives.

5K views 16 replies 15 participants last post by  NPRBoy  
#1 ·
I'm thinking of selling the EcoDiesel...love the truck but I have three vehicles and 2 drivers. Selling the EcoD is the least desirable situation, but most cost effective if I can get the right number. To that point, NADA and KBB are pretty far apart. I know some guys on the board have been turning over their EcoD's...what were you guys seeing for value? Also, who's right regarding value? I know it's only worth what someone is willing to pay, but these are pretty far apart.


 
#6 ·
I think the biggest difference between the NADA and KBB is that the KBB is private party value and the NADA is the price for a Certified Pre Owned, which leads me to believe it is what you should expect to pay for it from a dealer, not an individual. If you look up retail value of your truck on KBB it will be more similar to NADA.
 
#7 ·
Just last week I was using both tossed he value of a couple Honda dirt bikes -both 2008 models. Major difference with Kelly way higher than NADA.

Both and others are just suggestions. You have to learn your market by watching locally what things are actually selling for.
 
#8 ·
I dont think the numbers are that far apart. You obviously can't compare a trade-in, nor a dealer retail price against a private-party sale...so if you assume the NADA equivalent to to KBB's Private-Party number is somewhere between clean trade and retail, then the numbers are pretty close. IMHO the value NADA puts on the NAV, cap, etc fairly high.

Given your mileage I'd say that 26-27K range is pretty solid for a PP resale, dependent on cleanliness and condition. If I was buying a 4-year old Laramie Crew EcoD with 100K that would be about the top of my price range...

Just my $.02. good luck with the decision.
 
#9 ·
I don't follow KBB much but NADA absolutely plays games with their numbers. I believe they are being bought by the dealers and or manufacturers. I sell boats and they have definitely been playing games on that end. One such game is to show the public one set of numbers that cuts the value lower than normal. If you go into the dealer they have the higher numbers available to them. You would think that counter productive since it makes your trade more valuable but most people don't trade in their boats (because the dealers aren't anywhere near as "generous" as the auto dealers with trades). They do this so the used boat you were looking at on Boattrader or Craigslist appears to be overpriced UNLESS you are in THEIR store buying a used boat from THEM. Then they're happy to show you the higher amount conveniently printed out on a genuine NADA "sticker."

So I have no doubt they're playing a similar game with everything else they rate. As for KBB, they've always been all over the map with their numbers. They're worse than Zillow for houses.
 
#11 ·
They go by the highest or lower number that benefits them. When trading I was always hit with the Manheim auction numbers and you need to be a dealer (pretty much) to see those.

I once tried to use NADA to argue down an overpriced car and the salesman said "go buy it from them." It stung a little but it was effective . . . in making me leave that dealer and continue shopping. I've used that same line against people shopping for boats but only when nothing else works!
 
#15 ·
Yesterday I saw a pickup with the driver's door open. On the floor was enough dirt, grass and debris to fertilize and start a lawn. There was a "For Sale" sign on the side window.

I see stuff like that in variation everywhere, even here. People show engine compartments that are plain filthy. Makes me wonder what their dwellings are like. I say a very important, critical issue when selling is to present a near-perfect vehicle to potential buyers. Even clean under the vehicle, fender wells, engine compartment, bed, floor etc. Not only clean but waxed and scented. I personally hate to sit in some vehicles because the seats flat out smell and are soiled. I had a chance to buy a fellow's Cummins used at a good price but declined. Declined because I knew he had incontinence issues and soiled his seat at times. You could smell things like that, along with smoking smells.

Present a perfectly clean vehicle, decent service records, good tires, oil etc. Then you have a good chance of someone taking a measure of pride in wanting to buy your offering. If that is not something a seller can do, that seller should not expect an positive experience from potential buyers.
 
#17 ·
Last trade in for me, not a ram, the dealer offered 15,999$ I had a letter from the kbb cash offer outfit, it was for 22,500$, the dealer came up to 23,000$
7,000$ the dealer was trying to steal, when I explained the numbers and how they tried to take advantage of me they laughed, well, word of mouth is powerful.

Caveat Empteur