Nada book values

Jerboy · 01-28-2013, 05:02 PM

Well, went shopping for my new 2013 Ridge today. I was looking to trade my 2011 RTL with Navigation on the same in a 2013. Dealer says NOBODY uses NADA values anymore. They use something called the BLACK BOOK. Story short, they were $6000 too high on the deal. Discounted the MSRP of $38,610 by $1200 and offered me $20,000 for my 2011 with 74,000 miles on it. Rough trade from NADA is $22,675 and clean trade is $25,375. This WOULD have been the 6th vehicle I was going to buy from this dealer.

mtb · 01-28-2013, 05:33 PM

Quote:

Originally Posted by Jerboy

Well, went shopping for my new 2013 Ridge today. I was looking to trade my 2011 RTL with Navigation on the same in a 2013. Dealer says NOBODY uses NADA values anymore. They use something called the BLACK BOOK. Story short, they were $6000 too high on the deal. Discounted the MSRP of $38,610 by $1200 and offered me $20,000 for my 2011 with 74,000 miles on it. Rough trade from NADA is $22,675 and clean trade is $25,375. This WOULD have been the 6th vehicle I was going to buy from this dealer.

NADA Guide vs. Black Book vs. Kelley Blue Book:

http://autos.aol.com/article/best-blue-book/

.

Major Tom · 01-28-2013, 05:47 PM

Having sold cars 40 years ago, the black book has been used for ever. It is way more conservative in pricing then the NADA or Kelley Blue Book. The Black Book also uses auction pricing, which is even worse then the other two. It is basically a way to really low ball a trade-in.

Jerboy · 01-28-2013, 07:23 PM

Quote:

Originally Posted by Major Tom

Having sold cars 40 years ago, the black book has been used for ever. It is way more conservative in pricing then the NADA or Kelley Blue Book. The Black Book also uses auction pricing, which is even worse then the other two. It is basically a way to really low ball a trade-in.

And LOW BALL they did!! Guess I will be driving the 2011 for a while. Problem is---this dealer changed sales managers and things are going downhill fast!!!

csimo · 01-28-2013, 07:29 PM

Quote:

Originally Posted by Jerboy

And LOW BALL they did!! Guess I will be driving the 2011 for a while. Problem is---this dealer changed sales managers and things are going downhill fast!!!

Check out: https://tradein.autotrader.com

They make cash offers for used vehicles and I've found they offer slightly above KBB Trade-In value in my area.

I have not personally sold one to a dealer using this method but I do know two people that did... and both worked as expected.

Slider · 01-28-2013, 07:29 PM

3 out of 4 times people will go back again if they really want something so it makes little sense for the dealer not to low ball you. The dealer will obviously use the one best for him. Don't take it personal. Wait two weeks and try again.

kone · 01-29-2013, 07:12 AM

Published numbers on the net at places like KBB, Edmunds, NADA etc. are all done by the dealers, for the dealers, so they can "justify" buying low and selling high.

Jerboy · 01-29-2013, 07:33 AM

Quote:

Originally Posted by Slider

3 out of 4 times people will go back again if they really want something so it makes little sense for the dealer not to low ball you. The dealer will obviously use the one best for him. Don't take it personal. Wait two weeks and try again.

NOPE!! Had enough. Nothing wrong with the 2011. I'll just keep and enjoy it.

Parsec · 01-29-2013, 10:51 AM

Quote:

Originally Posted by Jerboy

NOPE!! Had enough. Nothing wrong with the 2011. I'll just keep and enjoy it.

Sounds like the dealer saved you about $15k by not making it an easy decision to trade in

Jerboy · 01-29-2013, 12:12 PM

Quote:

Originally Posted by Parsec

Sounds like the dealer saved you about $15k by not making it an easy decision to trade in

Yup!! No buyers remorse here.

01-28-2013, 05:02 PM	#1
Jerboy ROC Rank: Freshman 2011 RTL White / Olive Join Date: May 2008 Location: Farmington, n.m. Posts: 79	Nada book values Well, went shopping for my new 2013 Ridge today. I was looking to trade my 2011 RTL with Navigation on the same in a 2013. Dealer says NOBODY uses NADA values anymore. They use something called the BLACK BOOK. Story short, they were $6000 too high on the deal. Discounted the MSRP of $38,610 by $1200 and offered me $20,000 for my 2011 with 74,000 miles on it. Rough trade from NADA is $22,675 and clean trade is $25,375. This WOULD have been the 6th vehicle I was going to buy from this dealer.

01-28-2013, 05:47 PM	#3
Major Tom ROC Rank: Sophomore 2012 RTS White/Grey Join Date: Jan 2012 Location: Midland Tx Posts: 147	Re: Nada book values Having sold cars 40 years ago, the black book has been used for ever. It is way more conservative in pricing then the NADA or Kelley Blue Book. The Black Book also uses auction pricing, which is even worse then the other two. It is basically a way to really low ball a trade-in.

01-28-2013, 07:29 PM	#6
Slider ROC Rank: Junior 2006 RTL White / Olive Join Date: Apr 2008 Location: SE PA Posts: 446	Re: Nada book values 3 out of 4 times people will go back again if they really want something so it makes little sense for the dealer not to low ball you. The dealer will obviously use the one best for him. Don't take it personal. Wait two weeks and try again. __________________ OEM- Hitch, Brush Guard, Fog Lights, Wood Dash, Side Mouldings, Fender Flares/Splash Guards, Roof Rack and Hard Cover. Non OEM- Fat Bob's Lift, Lorenzo WL 28's, 265/60/18 LTX MS 2's, front tint, LED's, Figs props, Pioneer Avic x930 bt, Bazooka sub, Backup camera, Fog Light mod.

01-29-2013, 07:12 AM	#7
kone ROC Rank: Junior 2010 RTL Bali Blue Pearl Join Date: Jun 2010 Location: SE PA Posts: 427	Re: Nada book values Published numbers on the net at places like KBB, Edmunds, NADA etc. are all done by the dealers, for the dealers, so they can "justify" buying low and selling high.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Remove Advertisements Sponsored Links
Ridgeline Owners Club Advertisement

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Accurate trade-in values	Lowflyer	Shoppin' and Test Drivin'	24	05-05-2009 02:53 PM
Have you checked your home values in a while?	ocb_dave_ocb	The Ridge - Off-Topic Discussions	40	03-06-2009 10:57 AM
Trade-in values- how bad?	MyronW	Shoppin' and Test Drivin'	38	04-25-2008 02:56 PM
KBB has RL used car values now	Steve3589	Shoppin' and Test Drivin'	1	09-09-2006 06:33 PM