Private Seller FMV: Edmunds vs Kelly Blue Book

Hi group:

A friend of mine is asking for my assistance in selling his 1995 Buick
Grand Sport Coupe. I went to the websites of Edmunds and Kelley Blue
Book and the results for a private seller were quite different from
each other.

For Edmunds I inputted the following variables:

Condition of vehicle: Clean (not Outstanding or Average)
Color: white
Mileage: 113,253

AM/FM/Cassette/CD Audio System
Audio Steering Wheel Controls
Bucket Seats
Keyless Entry System
Power Antenna
Power Driver Seat
Power Exterior Mirrors
Power Front Passenger Seat
Power Moonroof
Rear Window Defroster
Remote Trunk Release

For Kelley Blue Book I inputted the following variables:

Condition of vehicle: Good (not Excellent or Fair)
3.8L V6 engine
Mileage: 113,253 (Typical mileage for this vehicle is 92,000 miles)

Standard Equipment entered by KBB which is on my friend's car:

Air Conditioning
Power Steering
Power Windows
Power Door Locks
Tilt Wheel
Cruise Control
Am/Fm Stereo Radio
Dual Front Air Bags
ABS (4 wheel)
Alloy Wheels

I added the following options:

Gran Touring Package
Cassette
Single Compact Disk
Dual Power Seats
Power Sun Roof

The results of determining the Private Party Fair Market Value (FMV)
a

Edmunds: $1,921

Kelley Blue Book $2,940

Why are their such large differences between the FMV using these two
services?

I look forward to your comments.

Regards,
Al Gershen
Grants Pass, OR

I have often tried to utilize the information provided by these
websites. What I have learned is their calculations are often
misleading, especially when the mileage gets higher. The best bet to
find a succesful selling price is to perform a local market price
search. Use a 25 mile radius and search for the same car in similar
condition and note their prices. Include a mixture of private listers
as well as used car dealers. Quite often the prices you find this way
will be less then KBB and Edmunds for cars with more than 100,000
miles.

gassyal wrote:
> Hi group:
>
> A friend of mine is asking for my assistance in selling his 1995 Buick
> Grand Sport Coupe. I went to the websites of Edmunds and Kelley Blue
> Book and the results for a private seller were quite different from
> each other.
>
> For Edmunds I inputted the following variables:
>
> Condition of vehicle: Clean (not Outstanding or Average)
> Color: white
> Mileage: 113,253
>
> AM/FM/Cassette/CD Audio System
> Audio Steering Wheel Controls
> Bucket Seats
> Keyless Entry System
> Power Antenna
> Power Driver Seat
> Power Exterior Mirrors
> Power Front Passenger Seat
> Power Moonroof
> Rear Window Defroster
> Remote Trunk Release
>
> For Kelley Blue Book I inputted the following variables:
>
> Condition of vehicle: Good (not Excellent or Fair)
> 3.8L V6 engine
> Mileage: 113,253 (Typical mileage for this vehicle is 92,000 miles)
>
> Standard Equipment entered by KBB which is on my friend's car:
>
> Air Conditioning
> Power Steering
> Power Windows
> Power Door Locks
> Tilt Wheel
> Cruise Control
> Am/Fm Stereo Radio
> Dual Front Air Bags
> ABS (4 wheel)
> Alloy Wheels
>
> I added the following options:
>
> Gran Touring Package
> Cassette
> Single Compact Disk
> Dual Power Seats
> Power Sun Roof
>
> The results of determining the Private Party Fair Market Value (FMV)
> a
>
> Edmunds: $1,921
>
> Kelley Blue Book $2,940
>
> Why are their such large differences between the FMV using these two
> services?
>
> I look forward to your comments.
>
> Regards,
> Al Gershen
> Grants Pass, OR
>