Anyone else notice KBB values are way off?

[Sullivan0930]

This is for a 2024 TRD offroad with premium package selected. Actual prices are closer to 50-52k. KBB also doesn't even have the iforcemax as an option, my VIN couldnt even be found. Ive never seen this be so far off. Im not actually looking to trade in but i like to know where im standing equity wise. Just something interesting i noticed. Also i wonder what they would give to a trade in now....

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[Miqie]

Maybe it's the old saying.............'your new vehicle loses thousands as soon as you drive off the dealer's lot.'

 

[Sullivan0930]

i think its more likely KBB doesnt know its a new model and is using 2023 model data.

 

[crepr12]

either way its worth less that what you paid for it...its used...

 

[MT-Taco]

I’ll be looking at it in 10 years or so…

 

[SilverSurfer]

KBB always lags the market anyway. They’re not a good place to get a good value. They also don‘t assess all your expensive options as worth much, so that almost 5k “upgrade” package doesn’t move the value needle much on their end.

 

[SilverSurfer]

My daughter just came to me and needs a truck, and wants my taco, so she’s buying mine and I’ll be buying another one down the road. She’s basically reimbursing me for It.

 

[Duck Amuck]

Blue Book uses historical sales prices to get a value. There's no way there's been enough moving through the used market yet to get useful data on them...

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