Q: Price estimate - KBB vs. Edmond

asked by on October 26, 2016

I am buying a used car from third party. It's 2014 Ford Fiesta SE Hatchback with moon roof. It's automatic transmission and has about 40000 miles. When I got price estimates from both KBB and Edmond, each provides completely different estimate. According to KBB, $9075 is the fair price, but for Edmond, $7370 is the base price. Why do they have such a huge gab in the price? Which is more accurate?

When getting price estimates from these sites, know that they will vary widely depending on the criteria you put in and if you are looking for a trade-in value or a retail value. After looking into both of these sites, the KBB amount seems to be a high retail list price and might be the price a dealer would ask for the resale of a vehicle of this age and mileage. The Edmond price amount is most likely the price a dealer would give a trade-in if you went to purchase a car from them and wanted to trade in a car such as this one. If you are looking to buy this car from a private party, then I would expect something closer to the KBB price. If the seller of this car was trading the vehicle in at a dealer, then he or she should get something around the Edmond price.

The statements expressed above are only for informational purposes and should be independently verified. Please see our terms of service for more details

Get an instant quote for your car

Our certified mechanics come to you ・Backed by 12-month, 12,000-mile guarantee・Fair and transparent pricing

What others are asking

Advice on buying a Rav4

Out of those options, I'd say buy the '04 RAV4. The earlier ones had some problems with the oxygen sensors and catalytic converters. The '04's really didn't. I'd say get yourself an '04. They are really well made. If you...

Recommendation of Subaru Forester

Hello. There is a big concern with the air bags on this car. If the car is, or even "was", equipped with a Takata airbag, I wouldn't consider purchasing it due to the Subaru Recall. Even if the airbag was...

Wondering if repairs are likely in the near future

Hi there. Most cars are reliable under 100,000 miles. Among the range of cars on the market, Audi is about mid pack in regards to reliability at best. Most Audi's are VW's. In the case of your TT, the 2.0l...

I already agreed with an owner of 2008 limited edition v6 Prado. Average fuel consumption and mileage are different

Hey there. The fuel usage of 26L per 100km sounds like it is using too much fuel, or there is a problem with the display. I would suggest having a mechanic inspect the car first before you decide to purchase...

Is the Chrysler Sebring a good car?

Hi there, thanks for writing in. For the most part, the 2008 Chrysler Sebring is a decent used car. However, like any other used vehicle, the overall condition of the vehicle is largely based on the previous owner and how...

Replace wheel bearins for $500 or buy new car?

Hello. In my opinion, I do not think that a bearing failure would constitute replacing a vehicle. Bearings are a common wear item that needs to be replaced every now and then. If the vehicle is still in good shape,...

My car is bucking when I drive and then randomly stops shaking.

Hello. It does sound like there are a lot of issues going on with the vehicle. Before making such a hard decision I would really get a complete diagnostic of what is going on with the car. It may not...

How do I clear the previous HomeLink garage door opener settings?

If you move, or are purchasing a used car, you’ll want to clear the previous HomeLink garage door opener settings before programming your own. You can do this in a few easy steps. Locate the HomeLink garage door buttons....

What does it mean when a car on Craigslist says "needs timing work" what does that mean, good? Bad? Expensive? Inexpensive?

The engines for this year 4.6 and 5.4 have a camshaft phasers that go bad, and also the timing chain guides may need to be replaced. In order to repair these items on these vehicle, the camshafts would need to...

Related articles

The Best Used Cars to Buy If You Need a Lot of Trunk Space
Many Many people focus more on interior room than cargo carrying capacity. That’s natural if you have a large family or regularly carpool, but what about drivers who need to carry a lot of stuff most of the time and...
A Buyer’s Guide to the 2012 Dodge Durango
The The 2012 Dodge Durango is a more fuel efficient SUV yet still provides all of the room and power you need. The Durango can tow up to 7,400 pounds making it perfect for family outings and carrying lots of...
Top 5 Tips for Negotiating a Better Price on a Used Car
Buying Buying a used car can feel like a very intimidating process. You want to make sure that you get the best value for your money, and that you end up with a car that’s going to last you for...