Over the years, the term blue book has come to be synonymous with the term price guide. In a sense, the kelley blue book tradein value of a used car is equivalent to the invoice price of a new car, while the kelley blue book retail value is equivalent to the manufacturers suggested retail price on. Only dealers could get them, it seems, and the average person would kowtow to the concept of book value handed down by the car salesman, who. Apr 02, 2014 kelley blue book used cars value calculator how to easily calculate a cars value april 2, 2014 january 21, 2016 james bourland if you have future plans to sell or buy a car, you need to learn how to calculate a second hands value. For over 90 years, kelley blue book has been the trusted resource for used car values, helping car owners understand what their used car is worth. Blue book is a common terminology to describe the market value of used, new, and also classic cars. From the 1950s to the early 1990s, kelley blue book provided used car price information only to dealers. Compare real, custom auto loan offers from up to 5 lenders in minutes. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. But, if you are living in canada, that is a different story.
Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. Kelley blue book new and used car price values, expert. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. Find out what your car is worth at, the trusted resource for used car values. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. Book value get the book value of your car easily and free. Originally a trade publication, the first consumer edition of this popular used car price guide was published in 1993. In 1993, the company started to provide blue book pricing information to the public. Originally a trade publication, the first consumer edition of this popular used car price. Black book used car values kelly black book nadaguides. It was to become the largest dealership in the world and, along the way, spawn a need for placing values on used and even new cars, known as blue book values. In short, it gives you the important knowledge related to the cars.
When it comes to properly appraising a car, many insurance companies and classic car collectors rely on the kelley blue book values to help them get a good understanding of how much their car is worth. The final sales price depends on the cars actual condition and local market factors. You can still calculate values from book editions, but its easier and quicker to use the sites online tools, which give you a free value in just a couple of minutes. Kelley blue book canada an easier way to check out a cars. If we dont have what you are looking for, we can help you find. From there, they can select the automobiles style, engine size and other details to arrive at a value. Finding the right kelley blue book value for secondhand. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make well. Three models were used to determine what factors influence the premium over kelly blue book value or whether the car sold. Its oftentimes more convenient for a smaller used car dealership to simply print a retail book sheet to use as a window sticker.
To use the book value calculator, simply follow the steps above to get the approximate book value of your car. This guide contains information regarding the market values of personal watercrafts that will assist both buyers and sellers in establishing realistic and obtainable prices for their vehicles. Blue book value financial definition of blue book value. Kelley blue book used cars value calculator how to easily calculate a cars value april 2, 2014 january 21, 2016 james bourland if you have future plans to sell or buy a car, you need to learn how to calculate a second hands value. Kelley blue book or kbb is a respected used car price guide often quoted by used car dealers to demonstrate that prices of cars on their lots are fair.
The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. The blue book is limited though, and does not always reflect the accurate price, as of today, for a. Kelley blue book pricing takes this into account when determining the value of a vehicle. The diminished value together with the body damage might be as much or more than the kelly blue book value, so you may be able to get the insurance adjuster to declare your car a total loss. Drivers can find out the value of their used cars by typing in the car s year, make, model and mileage into the kelley blue book website.
Their pricing and value data includes statistical analysis that allows for current and timesensitive changes in historical valuation to be easily understood resulting in reliable predictors of values and potential risks. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. When youre visiting a dealership, you can walk in confidently with the kelley blue book tradein value and tradein range for your car. If you choose to sell your car yourself, the private party value stands as a starting point. Making it easy to shop smart, kelley blue book today announces the 2019 modelyear brand and category. The label also included the blue book price and the kelley blue book official seal. Apr 03, 2014 kelley blue book canada an easier way to check out a cars value in canada april 3, 2014 january 22, 2016 james bourland so you have plans to buy another car for your convenience, or put up the one you have in canada for sale. How do you find the kelley blue book value of used cars.
Kelley blue book used cars value calculator how to easily. Used car book values new cars, used cars for sale, car. Here are the steps to determine the value of your current car. Kelley blue book classic car values whats my car worth. Kelley blue book announces 2020 award winners business. The kelley blue book provides suggested retail values for a start, but dont forget to check trade in and private party values as well. I had to use my own judgment as to whether the additional cost was justified guidance from kelly blue book would have been helpful in judging the price. The original car book value calculator, online since 2008. Although the kelley blue book dates to the 1920s, it didnt publish a consumer edition until 1993. Keeping in mind that there are a number of factors that go into determining how much a classic car is worth. Before beginning, a driver must know some important information about the vehicle in question. Kelley blue book names 2019 best resale value award. Kelley blue book has announced the 2020 kelley blue book best buy award winners, and their pick for the best new car of the year is the 2020 kia telluride.
Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Spread the love used car values look up for kelley blue book so many people today are engaging with the car market. New car prices and used car book values nadaguides. It will help you work out the approximate book value of your car easily and free. Kelley blue book is similar in that it offers target pricing information for used cars. Mar, 2017 the kelley blue book is a great tool for customers to make sure that their beloved vehicle is being tradedin for a fair value, and that they are paying a fair price for their new car. Redbook is the preeminent provider of car prices, values, vehicle identification and pricing information in australia and the asia pacific region. The kelley blue book is a great tool for customers to make sure that their beloved vehicle is being tradedin for a fair value, and that they are paying a fair price for their new car.
The blue book is the vehicle information resource used by consumers and the automobile industry to establish price guidelines. Kelley blue book basics for used car buying carsdirect. Kelley blue book canada pricing used cars in canada it is commons sense to look up the kelley blue book or any other blue book on the internet when in the market looking for a cars value. Similar to nadaguides, values published by kelley blue book rely on a constant flow of pricing information from various industry sources. The fair market range and fair purchase price are based on massive amounts of data, including actual. Kelley blue book used pricing guide used cars for sale. The mayjune 1955 usedcar value guide for the dusty arizonanevada region comes from an era when the blue book had a real mystique. Kelley blue book values blue book values kbb vs nadaguides. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. You should take note of the three pricing categories in order for you to properly weigh choices. Kelley blue book private party value the kelley blue book private party value is the starting point for negotiation of a used car sale between a private buyer and seller. With the increased need to commute and the convenience of cars, this kelley automotive evaluates the value of the vehicles when buying and selling new or used vehicles. Blue book cars is located at 4114 s orlando drive, sanford, fl.
Because each company uses a proprietary formula to calculate the value of the vehicle, you should compare pricing provided and refer to how each company calculates their blue book pricing when assessing the value of your car. See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019. Since 1926, kelley blue book has been helping car shoppers and the automotive industry with trusted pricing on new cars, certified preowned cars and used cars. This is for ad cars and doesnt usually apply to all the cars on the lot.
Since those early beginnings, kelley blue book has become the gotochoice among both dealers and. Keeping in mind that there are a number of factors that go into determining how much a classic car is worth, the blue book value is great for finding a. Kelley blue book canada nada guide nada book value. Kelley blue book how does it compare to market value.
By 1996, consumers could visit the companys website, to find values for new and used cars. You might say we literally wrote the book on car values. Canadian black book provides free car values, new and used car prices, and vehicle listings. Kelley blue book stayed in the kelley family for three generations until 2000. By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. Researching the values of preowned boats and jet skis on the internet is a fairly easy process, and the national automobile dealers association guides can be immensely helpful.
Since 1926, car buyers and sellers have used the kelley blue book kbb to determine the values and pricing of new and used cars. The most commonly used are the kelly blue book, and the edmunds used price guide. About kelley blue book values new and used car price. Jan 07, 2020 blue book is a common terminology to describe the market value of used, new, and also classic cars. Before you sell a good working car, you should consult the kelley blue book. How do car dealerships use kelley blue book kbb values. We provide car valuations online, as well as services internationally to leaders in the automotive industry. The average mileage for a vehicle is 15,000 miles a year. Shop for new cars and used cars at kelley blue book. In 1993, the blue book was finally released as a consumer guide. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. This is an as is value that does not include any warranties. The data allowed them to estimate the current market value of used cars to be purchased and sold. Find out about the evolution of the blue book, how to use it, and more.
Instead, kelley blue book takes into account the value of the car when it was new and the market forces that may affect the used car price. The final sales price depends on the car s actual condition and local market factors. For example, when gas prices go up and the demand for ecofriendly cars increases, kelley blue book would anticipate prices for used hybrids to increase. Any vehicle that has been driven more or less should have their value calculated accordingly.
Ultimately, whether its black book or kelley blue book used car values, your tradein value is dependent on several factors including make, model, year, condition, accessories and mileage. Usually, those who use one are also familiar with the other. Kelley blue book is probably best known for trade in values and private party values for the car you already have. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Kelley blue book used cars value calculator how to. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. The last major change in publication format came in 1995, when. For new car shoppers, the kelley blue book fair market range and fair purchase price go beyond widely available new car prices like msrp and dealer invoice to show you what you can expect to pay for a new car in your area this week. The origins of kelley blue book date back more than eighty years, when a young car salesman from california, les kelley, began compiling a list of car prices as a tool for helping him evaluate vehicle value. Find and compare thousands of new, used, and cpo cars, and get the kbb fair purchase price for the car you want to buy. Kelley wholesale blue book value, kbb used car invoice.
Certified preowned cpo cars are highquality, lowmileage used cars that have been thoroughly inspected and backed by an extended warranty. It also includes the value of motorcycles, value of boats and other automotive in the market. The blue book is limited though, and does not always reflect the accurate price, as of today, for a car with your exact specifications. Used car values, price guide and tradein estimator. Car blue book kelley blue book, nada guides and provide free used car values online. It enlists the retail and wholesale values of cars in the market. Manufacturers, wholesale auctions, franchised and independent dealers, rental companies and financial institutions are among the data sources used to calculate new and used vehicle prices. Kelley blue book vs edmunds used car price guide most individuals buying or selling cars will use mass market guides to help gauge market prices.
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