Anyone else use CreditKarma? They have a useful future resale value tool

"KingT- 60% of the time, it works every time" (kngt) 05/23/2019 at 12:11 • Filed to: resale, resale value, Trade-in and Resale Values, creditkarma, credit karma

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I use KBB, EdmundsTMV, NADA to occasionally check current value but this gives me an idea of what to expect in the future. It’s based on Average condition but given my maintenance and low mileage levels I’d look at good-condition value. Helps work out some realistic UnnecessaryCarShopping™ numbers.

You do need to have a (free) account and provide your vehicle details though.

TorqueToYield > KingT- 60% of the time, it works every time 05/23/2019 at 12:12

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I like their credit report and check but have never tried their car value tool. I think it’s newish for them.

KingT- 60% of the time, it works every time > TorqueToYield 05/23/2019 at 12:14

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Their “Auto” section is probably a year-ish old. I like CK because it was super helpful in helping me building a strong credit score . Been a use r since 2010

WilliamsSW > KingT- 60% of the time, it works every time 05/23/2019 at 12:21

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Are they really doing their own calculation or just using data from one of the others? Not that it really matters, just might be redundant. 

KingT- 60% of the time, it works every time > WilliamsSW 05/23/2019 at 12:28

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I’d say they get everything from NADA. Seems to be so looking the fine print in the screenshot, plus this is what NADA does best, doubt CK would go through the trouble of doing all this work.

I don’t think this predictive feature is available to everyone who goes to the NADA values calculator so this a an alternate source to get that.

VajazzleMcDildertits - read carefully, respond politely > KingT- 60% of the time, it works every time 05/23/2019 at 12:28

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By the way, if you have a credit freeze like I do on a regular basis, CreditKarma won’t like it, so be sure that’s at least temporarily disabled when you want to sign up for it. 

Nibby > KingT- 60% of the time, it works every time 05/23/2019 at 12:34

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I can run a free credit score for you. Just give me your name, phone number, address, date of birth, social security number, bank rounting #, bank account #, etc.

KingT- 60% of the time, it works every time > Nibby 05/23/2019 at 12:36

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WilliamsSW > KingT- 60% of the time, it works every time 05/23/2019 at 12:43

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Ok then if your 2nd paragraph is true then you’re getting some added value from CK regardless then.

Caveat to me is that I think all of these guides are useless for cars beyond a certain age.

I like cars: Jim Spanfeller is one ugly motherfucker > Nibby 05/23/2019 at 12:45

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0. Your credit is now 0.

Nibby > I like cars: Jim Spanfeller is one ugly motherfucker 05/23/2019 at 12:55

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His is. Not mine.

Nibby > KingT- 60% of the time, it works every time 05/23/2019 at 12:55

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Are you ready to proceed?

KingT- 60% of the time, it works every time > Nibby 05/23/2019 at 12:57

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Nibby > KingT- 60% of the time, it works every time 05/23/2019 at 13:10

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Gerry197 > KingT- 60% of the time, it works every time 05/23/2019 at 13:32

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Results seem conservative, recently traded in a vehicle which matched KBB very well, this one was about $4,000 - $5,000 below that value.   

KingT- 60% of the time, it works every time > Gerry197 05/23/2019 at 13:34

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NADA is always on the lower side, KBB seems to be higher. I use all 3 sources mentioned in the post , plus look at listings in a 100 mile area when I go to trade in.

Gerry197 > KingT- 60% of the time, it works every time 05/23/2019 at 13:41

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That makes sense. I do the same as well, I check local market values, though hard to tell what they actually sold for.

Also, what the dealer gives you on the trade in they can take away in other areas such as the new car price, loan rate, etc.  Give you great on trade buy get you in another part of the deal.   

If only EssExTee could be so grossly incandescent > KingT- 60% of the time, it works every time 05/23/2019 at 14:22

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If I input my 19yo 370k mile BMW I'll probably break it

If only EssExTee could be so grossly incandescent > If only EssExTee could be so grossly incandescent 05/23/2019 at 15:19

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Oops 270k