Vehicle blue book value

Determining the value of your used car requires more just than a rough estimate.

That's why a third-party source like Kelley Blue Book is important. Kelley Blue Book has been an independent source of vehicle values since its founding in And the fact that it is an independent source of information is important. Without an established, independent source of vehicle values, each used car price negotiation would be infinitely more complicated. That information is important to consumers and used-car dealers, and it is also important to others who need it — financial institutions, insurance companies, and governmental agencies. For the used-car pricing information to be useful, it must be accurate, if not "penny perfect.

Vehicle blue book value

At one time the Blue Book value was a used car insider's term like 'cream puff' or 'cherry', but today the phrase is, uh, all over the lot. The Kelley Blue Book has become one of the major merchandising devices of modern vehicle selling. From used car lots to new car dealers , they all claim to sell cars at or below Blue Book while buying your trade-in well above Blue Book! What, actually, is a Blue Book? Who started this whole arbitrary pricing bible? How accurate are they and how do they get their numbers? Most importantly, do they provide truly valuable information to help you get the best deal , whether you're buying or selling new or used? Find used car trade in, resell, certified pre-owned and retail values of used vehicles based on the condition, mileage and other factors of the car sale. At one time "Blue Book" value was a used car insider's term like cream puff or cherry, but today the phrase is, er, all over the lot. Born of the original restricted-circulation, dealer-on. Some three-year-old vehicles actually sell for more today than they did when new. The ID. The answer should help you decide if this car or that car is a better choice to lease. Read More.

Submit Comment. Kelley Blue Book began in and has become the standard for used car prices. We also reference original research from other reputable publishers where appropriate.

The Blue Book or Kelley Blue Book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models, and types. First published in by Los Angeles car dealer Les Kelley, the Blue Book was originally only available to those in the automotive industry, but both a consumer edition and an online edition was made available in the s for the general public. The Blue Book provides a fair market range reflecting an estimated range of prices car buyers will pay for a specific car based on make, model, style, and year. Blue Book has become the premier appraisal guide for vehicle price quotes in North America. Car sellers and car buyers will consult the Blue Book to determine the resale value of used cars.

That's why a third-party source like Kelley Blue Book is important. Kelley Blue Book has been an independent source of vehicle values since its founding in And the fact that it is an independent source of information is important. Without an established, independent source of vehicle values, each used car price negotiation would be infinitely more complicated. That information is important to consumers and used-car dealers, and it is also important to others who need it — financial institutions, insurance companies, and governmental agencies. For the used-car pricing information to be useful, it must be accurate, if not "penny perfect. The parties must believe the used-car pricing is reliable if they are going to rely on it as they negotiate and come to a deal. Kelley Blue Book values are derived from massive amounts of data, including actual sales transactions and auction prices, which are analyzed and adjusted to account for seasonality and market trends.

Vehicle blue book value

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Auto News. Traditionally, it has relied heavily on wholesale auctions because they reflect information from key sources including consumers, dealers, financial institutions, rental fleets, and leasing companies. Finally, there is mileage, which is a proxy for how heavily worn the vehicle is and how close it is to the end of its useful life. They are well equipped to handle all of your questions and can walk you through what is needed. When used in conjunction with other pricing research and common sense at the point of purchase, it can help you ensure that the price you pay or receive is appropriate to current market conditions. Born of the original restricted-circulation, dealer-on. In addition to the Blue Book, there are several other resources car buyers and sellers can consult to research car pricing. For the used-car pricing information to be useful, it must be accurate, if not "penny perfect. Dealership Operations , Trade-in. Kelley Blue Book also provides an actual cash value for vehicles. Once your valuation is available, you can easily schedule an appointment at one of our many locations across the country. For those planning to rely on a loan for financing a vehicle purchase, an auto loan calculator is another tool worth adding to their arsenal. We're committed to making sure everyone can enjoy our deals.

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As former Kelley Blue Book President Paul Johnson once said, "One thing we know about each used car value is that it will be 'wrong,' but each value will be close enough to the 'real' value that it will facilitate the transaction. Comprehensive insurance is car insurance that covers damage to your car from causes other than a collision. It is important to answer as truthfully as possible, to avoid any confusion when it comes time to sell. Edmunds: Edmunds is another well-known car valuation website that provides car valuations based on a variety of factors, including make, model, year, mileage, and condition. Car Buying Advice. Aug 18, Official. Submit Comment. Understanding the Blue Book. Using a combination of these tools can help you get a better understanding of your car's value and make an informed decision about selling or trading it. The Blue Book analyzes the private party value, trade-in value, suggested retail value, certified pre-owned CPO value, and many other prices for used cars. Our valuation tool combines million of data points to give you an estimated value on your vehicle. Apr 25, Official. It incorporates the fact that the vehicle is offered with a warranty rather than as-is, which is the way the typical used vehicle is sold.