Kelly Blue Book Values

[osprey6]

As I am trying to decide on trading in my brand new Yukon (will take a big $$ hit). I most likely will get a 802 package. I decided to take a look at Kelley Blue Book to see the depreciation as I drive off a lot. I did both 2024 35 inch package and a 37 inch. According to KBB the trading value is the same once you drive it off a lot (I entered 1000 miles for reference). I assume there’s an issue with the system. Is it possible that on a trade-in they get equal value?

 

[NJ2020]

There’s not an issue with the system, it is just based on MMR / auction data which is probably pretty slim for all the metrics you have. You’ll find it is never usually dollar for dollar on options at resale time, so many other factors play a role. KBB is usually just a ballpark.

It’s better to look at your dealer’s trade-in number with the entire deal.

 

[osprey6]

There’s not an issue with the system, it is just based on MMR / auction data which is probably pretty slim for all the metrics you have. You’ll find it is never usually dollar for dollar on options at resale time, so many other factors play a role. KBB is usually just a ballpark.

It’s better to look at your dealer’s trade-in number with the entire deal.

That’s what I normally do to begin with. I read on here a lot that the 37 inch package holds its value better than the 35. I assume that is selling to a private person and not a trade in. Totally agree on options however, it just seems like the 37 inch package would hold its value a little bit better. Looking at that comparison, the 35 inch package depreciate much less than 37. Just surprised if you drive both of them off the lot at the same time the trade-in value is near identical.