Is KBB Accurate?

0101 · 06-16-2014, 03:07 PM

It seems like KBB uses a generic depreciation algorithm instead of doing actual market research.

Given that Nissan lowered the price of the 2014 370Zs by $3,000, wouldn't that mess up KBB pricing?

Just wondering if anyone has already researched it. If KBB is higher than what cars actually sell for.

theDreamer · 06-16-2014, 03:09 PM

KBB is pretty generic for pricing, they do pull data from other sources and then basically "average" it out.
It is a solid starting price, but never expect to get the top dollar they list.

0101 · 06-16-2014, 03:17 PM

So I guess the question is, should we subtract $3,000 from what KBB says on used car values?

theDreamer · 06-16-2014, 03:22 PM

Quote:

Originally Posted by 0101

So I guess the question is, should we subtract $3,000 from what KBB says on used car values?

I would not say that is the exact way to do it.
My usually plan is to source multiple sites, KBB, NADA, craiglist, etc. to get a good overall view of current pricing.

SouthArk370Z · 06-16-2014, 05:47 PM

I agree with theDreamer that you shouldn't depend on any one source. KBB is usually pretty accurate but some models, especially low-production models like the Z, can be off a bit.

da mayor · 06-16-2014, 05:58 PM

KBB is the worst thing to value a vehicle. Use nada.com

wanker · 06-16-2014, 06:48 PM

KBB is a good starting point to determine a car's value. Also most lenders rely on KBB for their loan to value calculations as do many insurers.

With that said, there are other on-line resources to assist with valuation.

black_sedan · 06-16-2014, 07:21 PM

If you're buying or getting loan values look at NADA. If you're trading in, look up black book.

Shadezz · 06-28-2014, 01:11 PM

Edmunds.com is a great source as well.

Read T · 07-27-2014, 04:07 PM

KBB does not take into account the drift tax for S-chassis, that's for sure.

06-16-2014, 03:07 PM	#1 (permalink)
0101 Base Member Join Date: Dec 2013 Location: Stockholm, Germany Posts: 95 Drives: N/A Rep Power: 11	Is KBB Accurate? It seems like KBB uses a generic depreciation algorithm instead of doing actual market research. Given that Nissan lowered the price of the 2014 370Zs by $3,000, wouldn't that mess up KBB pricing? Just wondering if anyone has already researched it. If KBB is higher than what cars actually sell for.

06-16-2014, 03:09 PM	#2 (permalink)
theDreamer A True Z Fanatic Join Date: Feb 2009 Location: Texas Posts: 30,879 Drives: 370z Rep Power: 4210	KBB is pretty generic for pricing, they do pull data from other sources and then basically "average" it out. It is a solid starting price, but never expect to get the top dollar they list. __________________ theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN theDreamer's Silvia // URAS // GREDDY Houston Zs // Facebook // Twitter // Instagram

06-16-2014, 05:47 PM	#5 (permalink)
SouthArk370Z Premium Member Join Date: Nov 2010 Location: South Arkansas Posts: 8,435 Drives: 2014 Challenger Rep Power: 324198	I agree with theDreamer that you shouldn't depend on any one source. KBB is usually pretty accurate but some models, especially low-production models like the Z, can be off a bit. __________________ Steering Lock Links - Search The370Z Bookmarklet - FSM @ NICOclub Mankind has progressed past the need for war but we haven't evolved that far. - NachoMahma

06-16-2014, 05:58 PM	#6 (permalink)
da mayor Enthusiast Member Join Date: Dec 2009 Location: Long Island, NY Posts: 313 Drives: #TheGoldenZ Rep Power: 15	KBB is the worst thing to value a vehicle. Use nada.com __________________ #TheGoldenZ [GTSPEC][RAVSPEC][AutoVisionNY][631Coatings vinylwrapped][Evo-R][SoFreshLifestyle][Intrack Tires][Project Mu][MXP][HempsteadAutoCollision][SNTRL]

06-28-2014, 01:11 PM	#9 (permalink)
Shadezz Track Member Join Date: May 2012 Location: Colorado Age: 43 Posts: 896 Drives: 2012 Nissan 370Z Rep Power: 14	Edmunds.com is a great source as well. __________________ 2012 370Z BLACK EDITION/ FLT BLK Rays / 5% 3M Tint / DW's / Z1 SS & 2 Piece Rotors Nismo S-Tune OEM / Beluga CBE & Y-PIPE / DDX370 / GTR Start .4 Fluid / NST Blue Kit

06-16-2014, 03:17 PM	#3 (permalink)
0101 Base Member Join Date: Dec 2013 Location: Stockholm, Germany Posts: 95 Drives: N/A Rep Power: 11	So I guess the question is, should we subtract $3,000 from what KBB says on used car values?

06-16-2014, 06:48 PM	#7 (permalink)
wanker Enthusiast Member Join Date: Apr 2014 Location: San Diego Posts: 443 Drives: 2011 370Z S/T A7 Rep Power: 2901	KBB is a good starting point to determine a car's value. Also most lenders rely on KBB for their loan to value calculations as do many insurers. With that said, there are other on-line resources to assist with valuation.

06-16-2014, 07:21 PM	#8 (permalink)
black_sedan Enthusiast Member Join Date: Dec 2011 Location: Florida Posts: 308 Drives: 14' F150, 14' Q50 Rep Power: 13	If you're buying or getting loan values look at NADA. If you're trading in, look up black book.

07-27-2014, 04:07 PM	#10 (permalink)
Read T A True Z Fanatic Join Date: May 2012 Location: Raleigh, NC Posts: 1,046 Drives: 11 Nissan 370z BC 6M Rep Power: 18	KBB does not take into account the drift tax for S-chassis, that's for sure. Riptide67 likes this. __________________ 2011 Nissan 370z Black Cherry Sport Pkg - Daily Driver, , 1960 Morgan +4 fun car, 1986 BMW 325ES, 1998 M3 and 1996 Spec Miata - Race Cars SUPPORT TEAM WINSOME RACING - WRL, CHUMP, LEMONS

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