Kelley blue book basics for used car buying carsdirect. Used car values, price guide and tradein estimator. Although the kelley blue book dates to the 1920s, it didnt publish a consumer edition until 1993. Kelley blue book new and used car price values, expert. Black book used car values new cars, used cars, car. Blue book used car values are determined by taking into consideration the equipment and options. Kelley has sometimes been criticized for presenting prices. The kelley blue book vehicle condition quiz will accurately assess the value of your car for your tax purposes, not the average value of a car like yours. When assessing the value of your car, the adjuster and the insurer will do the following. The blue book value of your car is the market amount it is worth to others. The only time companies wont factor depreciation into a valuation is when the vehicle is a classic or when the policy has a special replacement cost endorsement. There is a definite difference between a car with no extras and a car with a full array of hightech and comfort features.
Heres a look at just how trustworthy it is plus a comparison with the competition. Dec 12, 2019 the retail value of your car is the price you might ask for it or the estimated price of your car if a used car dealer sells it. Its the starting point for negotiation of a used car sale between a private buyer and seller. While a low retail value indicates that the car shows signs of being wellused, a high retail value indicates that the vehicle is. Resale value is the amount of money your car will be worth when you decide to sell it. Steps on how to check you car value with kelley blue book online the kelley blue book is the recognized leader in determining used car values.
Jul 12, 2014 a quick tour of kelley blue books usedcar valuation service shows you why. Get the best prices on great used cars, trucks and suvs for sale near you with edmunds. Apr 02, 2014 the kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. The kelley blue book vehicle value is a fair sale or trade price determined based on the make, model, age, mileage and features of a vehicle, according to the kelley blue book website. What is your car worth and what is your vehicle book value. Vehicle history is an important factor in determining a car s value.
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. Why would a cars leaseend value be different than the estimated value at lease inception. Tell us the year, make, model and mileage of the car you own 2015 honda civic30000 miles. Selling your car today is a different experience than it was 10 or 15 years ago, thanks to. See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019. This value can fluctuate based upon the market and demand for the vehicle. Instant cash offer is a real offer for a specific amount to purchase a consumers car or apply the amount toward another car. Tradein value and suggested retail value prices are available for both sellers and buyers planning to interact with a dealer. How does an insurance company decide on the value of a.
To calculate a vehicles fair marketing value, adjusters will use several different pieces of data from dealerships and valuation guides. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Kelley blue book value is just one appraisal guide used by consumers to determine fair vehicle pricing. The adjuster will determine if your car is in excellent, good, fair, or poor condition. Get the kelley blue book value for your used car or tradein vehicle, find tools to help. Kelley blue book and other car value guides provide used car value data but, in the end, a car is worth only what others are willing to pay. Feb 28, 2020 the kelley blue book is the most popular usedcar buying guide. How do insurance adjusters determine the value of a car. Kelley blue book pricing takes this into account when determining the value of a vehicle.
Quick values webbased kbb values kelley blue book b2b. Remember that you dont have to accept the first figure your insurer quotes you and move on. The kelley blue book is the most popular usedcar buying guide. Do your own research on your cars actual cash value acv using online pricing sites, the. Take a 2010 honda accord ex sedan in very good condition. Check car prices and values when buying and selling new or used vehicles.
The retail value of your car is the price you might ask for it or the estimated price of your car if a used car dealer sells it. Get used car values with edmunds car value appraisal tool. New car prices and used car book values nadaguides. Access kelley blue book vehicle values any time you need them. While a low retail value indicates that the car shows signs of being wellused, a high retail value indicates that the vehicle is in better condition.
Kelley blue book used pricing guide used cars for sale. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. If you are planning to purchase a used car either from a dealer or a private party, the blue book value can help to ensure you do not overpay for the vehicle. Get the best deals on used cars for sale near you edmunds. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller. Vehicle history is an important factor in determining a cars value. The private party value indicates the price a consumer might pay to buy the car from you directly. The private party price is what you hope to be able to sell your used car for. There are two blue books, one from the national association of automobile dealers nada and the other by kelley blue book. Calculate the value of your car after it was damaged. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. 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. For example, our 2003 town car only has 19,350 miles, whereas the blue book merely lists the acceptable range as 118,000 123,000 miles with no guidelines on the effect of low miles on pricing.
Founded in 1917, the national automobile dealers association represents the interest of new car and truck dealers to the public, the media, congress and vehicle manufacturers. To find new and used cars depreciated value, insurance companies may refer to the blue book value. How do car insurance companies determine car value. If youre buying the car from an individual instead of a dealership, look at the kelley blue book private party value. Kelley blue book used cars value calculator pricing a car. Kelley blue book reports used car values for a variety of buying and selling transactions. Is it illegal to sell a car above the kelley blue book retail. Quickly see how factors like mileage, color, and options affect your cars value. Evaluate the condition of the car prior to the accident. A private party sale, if your used car is valued correctly, is always going to get you more than what a dealer offers you in tradein.
The kelley blue book private party value reports on a fair price when selling the. If you donate a car to a charitable organization, you must determine its fair and accurate market value based on its condition at the time of the donation. Fair market value is the price a reasonably informed buyer is willing to pay for a car, house or another item. Find out what the kelly blue book value of your car is. The blue book provides acceptable mileage ranges for different years but does not provide the effect of lower mileages on vehicle pricing. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Do your own research on your cars actual cash value acv using online pricing sites, the kelley blue book, and other tools. Why doesnt kelley blue book list tradein values, private party values, or a. However, you do have to factor in the amount of time involved in selling a used car on your own. If you plan to sell your car yourself, youll want to also research the kelley blue book private party value, which is typically higher than tradein value.
Based on the black book value of a acura, this is the amount you can expect to receive for youracura if you sell it to the dealer at the same time you are purchasing a new vehicle. To get to the value for your car, navigate the path to the blue book tradein and private party values. When repairs cost more than the car car insurance rates. Is it illegal to sell a car above the kelley blue book.
The private party value refers to the amount expected for a private sale of a vehicle as an. One factor most buyers fail to consider when buying a new vehicle is how much it will depreciate from the time you buy it to the time you decide to sell it. The tradein amount is generally less than the private party value because a dealer must account for repairs and other. We supply listing data to hagertys valuation team to help for the most complete available picture of pricing available. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. The kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done. Quickly estimate the value of a vehicle or calculate what you can expect to get on a tradein. With an estimate of your cars resale value, you can set your asking. Kelley blue book also calculates and provides values for the suggested price of an automobile at. Or, it can represent the value you should expect to receive when selling your used car privately i. An individual wishing to appraise his vehicle can access the kelley blue book website. If you have minor damage and are handling the body damage claim yourself, tell the insurance adjuster you want to get a receive payment for diminished value for the car in addition to the body shop costs.
It is not illegal to sell your car above the kelley blue book value, although you may find that finding a buyer is difficult if youre asking for too much money. Hemmings works with hagerty insurance to help give you the best information regarding the current pricing of classic cars. Kelley blue book offers an easytouse car value calculator that shows tradein, private party and even certified preowned car pricing. 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. Its based on data from real transactions, plus market conditions and vast industry knowledge. A true cash offer means you get a check directly from a certified dealer.
The average mileage for a vehicle is 15,000 miles a year. Compare real, custom auto loan offers from up to 5 lenders in minutes. This number will be based on private party sales, surveys of dealers, value guide books, and more. Keep in mind that these price ranges can fluctuate. The kelley blue book used private party value is what you can expect to pay if you bought the car used from the dealer. The private party value is usually more than the tradein value, because if you sell it yourself, youre the one spending the money, time and effort. 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. The used car price guide is the perfect place to start if you are considering selling your current vehicle, buying a used car from a private party, or looking to tradein at the dealership. The hagerty classic car valuation tool is designed to help you learn how to value your 1966 ford mustang and assess the current state of the classic car market. The 5 best ways to sell your car in terms of ease, value. 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.
A certified dealer will explain in person everything that goes into your cars valuation. Nadaguides national appraisal guides and kelley blue book both have a long. Find the tradein value of your preowned vehicle here today. Again, use the calculator on the nada or kelley blue book site to estimate the value of your car before it was damaged. Blue book used car values are determined by taking into consideration the equipment and options on the automobile, the vehicles mileage, the condition of the automobile and the geographic area where the car has been driven. In addition to taking a vehicles year, make, model, mileage, location and condition into consideration, carfax historybased value is powered by vehiclespecific data thats unique to carfax and tied directly to each car through its vehicle identification number vin. Take a 2010 honda accord ex sedan in very good condition with 50,000 miles on the odometer and see what. Kelley blue book used cars value calculator what my car. The offer is valid for 3 days not counting sundays and can be immediately redeemed during business hours at any participating dealer, pending inspection. Kelley blue book new and used car price values, expert car.
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