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

237,255

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
305

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

Add photo

Related Questions

  • Modified Cars 2 answers

    I have lots of goodies added to my MazdaSpeed Miata 2005 with a wide body kit from an rx7 but fitted to the car. I have mods such as tuning roll bar blow off valve exhaust racing cooling system and...

    2005 Mazda MAZDASPEED MX-5 Miata 2 Dr Turbo Convertible

    -

    Shopping & Pricing

  • Instant market price and what it means 2 answers

    If you list the depreciation of cars (i.e. Mazda Miata as $9500 first year, then about $1500/year thereafter) how is it that you have a instant price which does not reflect this? In most of your ads...

    2011 Mazda MX-5 Miata Grand Touring

    -

    Shopping & Pricing

  • Value? 2 answers

    Rx-7 is in perfect condition, immacualate in engine, chassi, interior and all, frequent services etc. It is currently one out of 7 in Sweden. I am contemplating on maybe perhaps selling it. How much ...

    1999 Mazda RX-7

    -

    Shopping & Pricing

  • what is the value of a 1979 rx-7 with 34,000 original miles in excellent condition 10 answers

    the vehicle is standard. gray with a burgundy interior, sunroof

    1979 Mazda RX-7

    -

    Shopping & Pricing

  • diminished value 1 answer

    Do you have a way for me to estimate the value of a car with clean CarFax report to one that does not as it was involved in a crash? Is there a tool to automatically sort through car listings? E...

    2015 Mazda MAZDA3 i Grand Touring Hatchback

    -

    Shopping & Pricing

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 $4,500.

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

Search Mazda MAZDASPEED MX-5 Miata Questions

Mazda MAZDASPEED MX-5 Miata Experts

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

Related Models For Sale

Used Mazda MX-5 Miata
52 Great Deals out of 4,229 listings starting at $1,995
Used Honda S2000
13 Great Deals out of 289 listings starting at $6,500
Used Mazda MAZDASPEED3
22 Great Deals out of 342 listings starting at $4,500
Used Mazda RX-7
61 listings
Used Ford Mustang
472 Great Deals out of 45,735 listings starting at $1,999
Used Chevrolet Corvette
120 Great Deals out of 20,753 listings starting at $3,000
Used BMW M3
45 Great Deals out of 1,517 listings starting at $5,800
Used Nissan 350Z
73 Great Deals out of 1,238 listings starting at $2,595
Used Mazda MAZDASPEED6
55 listings starting at $4,400
Used Chevrolet Camaro
225 Great Deals out of 30,943 listings starting at $1,217
Used BMW 3 Series
974 Great Deals out of 31,729 listings starting at $1,000
Used Subaru BRZ
14 Great Deals out of 1,078 listings starting at $12,798
Used Nissan 300ZX
129 listings starting at $3,995
Used Subaru Impreza WRX STi
18 Great Deals out of 588 listings starting at $10,000
Used Scion FR-S
16 Great Deals out of 905 listings starting at $10,499

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.