- This topic has 3 replies, 3 voices, and was last updated 13 years, 10 months ago by gitchy42.
NADA vs. Kelly Blue Book Values
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June 29, 2010 at 1:44 am #4073skippersusieParticipant
Wanted to ask a few questions regarding used bike prices. I noticed that KBB is usually $500-1000 higher than NADA values. I live in the SF Bay area and I’m cruising craigslist to find my first bike.
1) Since all the ads I have seen report the KBB value, is there anyway to bring the NADA value into the negotiations? I think KBB sez that these prices are what you can expect to pay at a dealer.
2) Anyone out there ever buy a bike for the NADA listed price? If so, how did you approach the seller without offending them?
Thanks!
SSJune 29, 2010 at 7:29 am #27246Gary856ParticipantI’m in San Jose, CA. I’ve bought 4 bikes so far and I’m sort of looking for bike #5, and I haven’t used either KBB or NADA. I just search Craigslist long enough (many, many months) to get a feel for pricing. I just checked NADA on several bikes I’m pretty familiar with and found NADA pricing in line with what I expect for a normal deal, so it’s good reference. Note that in the real world used bike pricing varies greatly based on:
– season (right now it’s peak riding season – peaking asking prices; prices go down significantly in the winter)
– popularity of the bike
– mileage and condition of the bike
– economy and seller motivation (it’s been a buyer’s market the last couples of years)On Craigslist you see them all – many unrealistically high prices, some reasonable deals, occasionally crazy good deals, and some scams. I wouldn’t worry about making offer using, or below, NADA pricing. You do need to consider how seriously and how bad you want a particular bike. It’s not worth it to low ball a buyer too much and end up loosing a fair deal on a bike you like. Another bike and a better deal may come around eventually, but it could be a long wait. I’m still kicking myself for loosing an awesome deal on a DR650 6 months ago because I hesitated just one day too long.
June 30, 2010 at 2:09 am #27255skippersusieParticipantThat is some solid advice, much appreciated!!!
July 2, 2010 at 2:36 am #27291gitchy42ParticipantI’ve found that the seller tends to use the price that makes them the most money. Don’t worry too much about NADA and KBB prices, but it doesn’t hurt to know what they are.
Remember that a transaction happens when the Seller is willing to accepts a price that they Buyer is willing to pay for the product.
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