I'm am concerned about the price being fair. The Kelley bluebook and edmunds puts the value at several thousand less. The price analysis though said good deal at below market value

Asked by Sep 05, 2014 at 04:01 PM about the Mazda MAZDASPEED MX-5 Miata

Question type: Shopping & Pricing

3 Answers

264,475

I don't look at that information (good deal), it's only based on price not condition. It's just a guide the important thing is how much you nego or pay the seller in the end.

105

Each system uses a different method for pricing cars. If you go to NADA for prices, you'll see a fourth. Cargurus uses an average of listed offering prices. The final sale price is likely to be lower. Edmunds (which I think is 100% completely unreliable) claims to average the prices that DMVs report, and then adjusts them with a mathematical formula. Apparently, Edmunds adjusts DOWN from DMV prices. The trouble with this is that no private party with any sense is going to report an actual sale price to the DMV because it means paying higher sales taxes. Another fact about Edmunds is that its big customers are used car lots. It tries to discourage private parties from selling directly to other private parties, and encourages them (us) to sell really cheap to its used-car-lot customers. So Edmunds is financially motivated to seriously understate actual prices. KBB claims to use a variety of pricing sources. It is the oldest and usually considered the most reliable benchmark. However, I think true sale prices are slightly lower than KBB. KBB and NADA prices seem to be fairly close to each other, in my experience.

1 of 1 people found this helpful.
Best Answer Mark helpful
335

I've only been in the car business (Dealer) for 40 years, and only buy/sell about 600 per year, so I'm still learning...But, if you can buy cars at KBB, you can make a dandy living wholesaling those cars at any dealer auction...they are so low it's not funny....

2 of 2 people found this helpful.

Your Answer

MAZDASPEED MX-5 Miata

Looking for a Used MAZDASPEED MX-5 Miata in your area?

CarGurus has 17 nationwide MAZDASPEED MX-5 Miata listings starting at $6,850.

ZIP:
Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Mazda MAZDASPEED MX-5 Miata Experts

  • #1
    Tom Demyan
    Reputation
    40
  • #2
    Reelin68
    Reputation
    30
  • #2
    Bob Beaman
    Reputation
    30
View All

Related Models For Sale

Used Mazda MX-5 Miata
74 Great Deals out of 4,176 listings starting at $2,995
Used Honda S2000
9 Great Deals out of 417 listings starting at $5,984
Used Mazda MAZDASPEED3
17 Great Deals out of 349 listings starting at $3,995
Used Mazda RX-7
60 listings
Used Mazda RX-8
13 Great Deals out of 365 listings starting at $990
Used Nissan 350Z
40 Great Deals out of 1,193 listings starting at $2,900
Used Subaru Impreza WRX
38 Great Deals out of 1,159 listings starting at $3,000
Used Ford Mustang
578 Great Deals out of 39,801 listings starting at $1,895
Used BMW M3
42 Great Deals out of 2,081 listings starting at $6,399
Used Subaru Impreza WRX STI
24 Great Deals out of 609 listings starting at $9,490
Used Mitsubishi Lancer Evolution
12 Great Deals out of 576 listings starting at $12,999
Used Chevrolet Corvette
158 Great Deals out of 17,387 listings starting at $3,000
Used Porsche Boxster
56 Great Deals out of 1,315 listings starting at $4,500
Used Toyota Tacoma
684 Great Deals out of 45,328 listings starting at $2,500
Used BMW 3 Series
1,098 Great Deals out of 32,734 listings starting at $1,200

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.