Learn about Edmunds Used Car Guide and Car Values

Edmunds Used Car Guide

The Internet provides nearly all the information you are seeking. Just by a single click of a button, you can get the answers to almost every question and this applies to everyone including a car enthusiast. When you want to get the best deal of used cars, you can find out the current value of the car you are planning to buy from the internet.

However, not all information available on the internet is reliable. Relying only on a random site you find online is not a good idea. There is a combination of sources you should consider such as auto mechanics, opinion of people you trust, and reputable valuation companies.

Also Read: Kelley Blue Book Classic Car Values

When you try to find information online about new or used automotive vehicles, Edmunds may appear at the top of your search engine. Yes, Edmunds has been one of the most popular pricing guide companies that founded in 1966 but started to become active online in 1995.

Speaking about valuation companies, Edmunds’s car can be the recommended option. They publish relevant and reliable information and reviews available on their pages based on surveys to different car manufactures. Moreover, they hire experienced employees who are knowledgeable about automobile publication

Here, you can learn about used car guides and car values from Edmunds in the following.

Edmunds Used Car Appraisal

It is necessary to gather enough information about the features and condition of the car you are going to sell, buy, or trade. Edmunds calculator will help you to get more accurate pricing. First of all, visit the Edmunds website and find the link that says “Used Cars”. The next step is to choose the car model using the Used Car Appraiser page.

Recommended: Comparing the Kelley Blue Book & Edmund’s Used Car Price Guide

Don’t forget to select the year when the car was produced. The year also affects the price of used cars. The oldest the car, the less expensive the car. However, Edmunds only has a list of cars dating back to 1990 and beyond. You may not be able to find antique cards here. Other factors that greatly influence the car value are the model and style of the car. So, you need to consider these factors. Color is another factor that should be included.

The colors of cars that are more common such as black of white usually contribute slightly higher prices that unusual colors. But, it is not always the case. More often, the color that becomes a trend when the car is being traded will make the car gets better value.

Edmunds True Car Value

Edmunds is known for its TOC or true cost to own overtimes. The reason is, instead of getting low rated for its used car pricing guide, Edmunds has been praised a lot for new car values in other hands. Most of the reviewers acknowledge that Edmunds is doing a better job on new car pricing than used ones. Once you check out their website, you will know the answer. It really helps you to compare different pricing guides before making a buying or selling decision.  

You should already know, in the real sense, all pricing guides are only giving estimations, not the real accurate prices and values. The guides are only provided estimated values to help buyers have informed decisions. So, in the end, you are the one in control to use it for your own good. 

Edmund VS Kelly Blue Book and Nada Guides

Edmunds is a company that provides new and used automotive pricing guides to help buyers make a decision before making a purchase. Nevertheless, there are a lot of comparisons have been made to compare the efficiency of Edmunds’ pricing guide with others. We can mention other automobile pricing guide companies like Kelly Blue Book and Nada Guides. However, the pricing guide from Edmunds is only produced for online assessment, not printed.

Also Read: Boat Values – Kelley Blue Book

Still, there is an ongoing debate about Edmunds’ pricing guides. They think Edmunds still has no clear indication of how they collect data to derive vehicle values. The estimation accuracy to give values on used cars is also questionable. Actually, this is what makes most dealers and other financial institutions don’t use Edmunds’ pricing guide, especially for evaluate used car values to Car Trade-in Value. Most of them prefer to use Kelly Blue Book and Nada Guides for used car appraisal.

Kelley Blue Book And Nada Used Cars Valuation Guides

NADA which stands for National Automobile Dealers Association is a valuation company that can provide a reliable guide for used cars. The best thing is that you can access the car assessment from its website for free. You can get a comprehensive assessment for almost any card. NADA is a reputable company as it has more than a decade of experience in the field. Not only does it provide trustable information on used cars, but there is also information on new and even antique cars that were made before the 90s. 

Another alternative source is the Kelley Blue Book. There was a change of ownership between NADA and KBB. These two sources have almost the same services and the services are getting better from time to time. There are new services customers can enjoy such as warranties, car clubs, and insurances.

NADA will always be a recommended guide for anyone trying to sell, trade, or buy used cars in the best deals.