How can you get accurate values on used cars when you don't know if the vehicle had a trade or not?

Asked by Feb 25, 2016 at 06:00 PM about the 2013 Toyota Corolla S

Question type: Shopping & Pricing

How can a company like yours make up a "real" number on values of vehicles when there is no way for any one to actually get used car retail pricing.  Registrations only show the amount that tax was paid on, if you have a trade, taxes are only paid on trade difference.  This makes all your number imaginary as you present them as real and the public perceives them as credible.  I am sick and tired of KBB, CarGurus, NADA, AND all the other companies using some made up imaginary formula for figuring what a person is to pay for a car.   What makes you legitimate?

2 Answers

292,435

I use this site and others you listed. There is no way to determine a "real" number, too many variables on used cars. Like the condition, tires wear, dings, etc. I use the online numbers as ballpark numbers and if you think you got a good deal you did. Are you old enough to remember NADA had books printed up? By the time you looked at them at the local AAA or bank they we outdated. So online pricing is pretty good if you think about it.

905

We still get the NADA books. Not really sure why...lol. Online price tools take a million different things into account like numbers sold, market trends, auction prices, etc. If 1000 Ford dealers just randomly started selling new trucks for $1000 less than invoice, you would see a price drop across the board for all F150's. New and used.

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