Edmunds vs. KBB

[slpymnky]

So I am trying to decide if I should go the M3 route. KBB has the cars priced pretty high and Edmunds has the cars priced REALLY low. For instance, a 2008 E90 with 54K miles is pricing at $24.2K on Edmunds. Have you ever had luck getting a car anywhere close to the price that Edmunds quotes?

[Honda]

Originally Posted by slpymnky

So I am trying to decide if I should go the M3 route. KBB has the cars priced pretty high and Edmunds has the cars priced REALLY low. For instance, a 2008 E90 with 54K miles is pricing at $24.2K on Edmunds. Have you ever had luck getting a car anywhere close to the price that Edmunds quotes?

Dealers use Edmunds to evaluate trade-in's but they price their car for sale based on KBB. That's at least what happened with me

[fuddman]

I don't even bother looking at KBB because I think they price to favor the dealer. They are owned by, I think, Autotrader, also a very dealer dependent company. Edmunds I have used as a starting point and only a starting point.
I prefer to research a car I'm convinced I want to purchase by pricing it nationwide (Autotrader, Carsdotcom,etc.). I concentrate on just this one car. My goal is to know more about the market value of that one car than either KBB or Edmunds.
With the M3, price is important but, to me, getting a good used one is much more important. That means spending at least as much time determining how the previous owner(s) treated it as you spend looking at prices.
Good luck with it.

[KT]

Stick with using the range NADA gives you.

[Bavarian Beast]

Originally Posted by KT

Stick with using the range NADA gives you.

This.

[dmk08]

Originally Posted by e90-NEBO

Dealers use Edmunds to evaluate trade-in's but they price their car for sale based on KBB. That's at least what happened with me

Most dealers use Manheim auction prices to base trades.