Kbb has been accused of being overinflated, so now they have countered that with being underinflated. You might say we literally wrote the book on car values. Sep 18, 2010 im shopping for a used car and almost all of the cars i see are asking for two or three thousand more than their kelly blue book value. How to check the value of a used car online on kbb. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller.
Kelley wholesale blue book value, kbb used car invoice. Get used car values with edmunds car value appraisal tool. Feb 28, 2020 kelley blue book is a very good resource, but it should not be the only one you consult. The classic vehicle book value is a terrific approach to receive an overall price for a particular vehicle. Pa auto sales is proud to offer used cars of any type trucks, sedans, coupes or vans that carry comprehensive valuation by kelley blue book fair market range price advisor. Covering new car loans, used car loans and even auto refinancing for your current car, lendingtree offers kelley blue book visitors a wide range of finance options. The kelley blue book is the most popular usedcar buying guide. Values finance, insurance, government kelley blue book b2b. Nov 25, 2019 ask any used car dealer what the most accurate guide book is and you will likely get very different answers depending on what part of the country you are located in.
Our valuation experts have done all the calculations for you to show you what you can expect to pay. Kelley blue book kbb is an automotive shopping site. Find out what your car is worth at, the trusted resource for used car values. New car pricing and used car values research the latest new car prices and used car book value. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. Loan givers needed to evaluate the value of the collateral on used car auto loans and insurance companies needed replacement values for insured vehicles. I am a car dealer and can tell you that banks never use kbb. 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.
Since 1926, the organization has monitored usedcar transactions, publishing marketdriven values on preowned cars. Keep in mind that the value of the vehicle youre looking at could vary depending on the valuation tool used by the lender. Its the source for current transaction prices, whether a used car is a tradein or sold through a private party or dealer. When youre visiting a dealership, you can walk in confidently with the kelley. Loan value is the amount a lender will let you borrow to buy the vehicle. And other than paying a visit to the local library, car buying consumers did not have access to kelley blue book values until 1993 when the consumer edition of the blue book was offered. 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. Cars for sale sell your car free dealer price quote vehicle history report. The final sales price depends on the cars actual condition and local market factors. For example im thinking about buying a 2000 acura tl 3. Apr 08, 2020 with kelley blue book, you can visit one website to gather all the details you need to ensure that you are getting the best deal on a new car or the best price for an old one. At one time the blue book value was a used car insiders term like. 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.
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. Its the starting point for negotiation of a used car sale between a private buyer and seller. 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. The quote is left hand book is what they usually loan, and that means the left side of nada book plus tax. Kelley blue book values are the most accurately and frequently reported for the consumer on the internet today. Should i pay more than kbb or should i negotiate a price close to kbb value. For over 40 years, kelley blue book has been the trusted resource for snowmobile values and pricing. Use autotraders used car valuation tool to find the kelley blue book value of the car youd like to sell or buy. 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. The kelley blue book used car value is used on sites like autotrader. How come blue book pricing doesnt seem to apply to. The final used vehicle values are determined by kelley blue book through a proprietary. Kelley blue book receives realworld used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lessors, and.
To calculate the ltv ratio of a used car, divide its selling price by its book value. Check car prices and values when buying and selling new or used vehicles. The loan value of a used car is not the same as its price or book value. Nada guide, black book and kelley blue book compared autoblog. The fair market range takes into account all the factors that can make used car pricing confusing. Nov 22, 2016 kelley blue book, or kbb, is a trusted car valuation resource. Jul 10, 2014 knowing your kelley blue book trucks value whether new or used from home is a great help. The two most popular and most reputable are the kelley blue book and the n. Kelley blue book new and used car price values, expert. The kelley wholesale blue book value is by far the most used, of kbb s four used car values, by car dealerships, their used car managers and their finance managers.
Find the right value to sell or purchase and never overpay again. 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 cars for sale. For those of you who are not aware, the blue book pricing the reader is referring to is the price determined by kelly blue book, or kbb for short, guide to preowned cars. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. Tractor blue book tractor blue book values, blue book. It has been providing tractor blue book information for more than 75 years. Kelley blue book values blue book values kbb vs nadaguides. The site will give you the tradein value and the private party value of your car. Since 1926, kelley blue book has been one of the most trusted names in the auto industry.
Often include additional perks like roadside assistance. The final used vehicle values are determined by kelley blue book through a proprietary editorial process. We offer kelley blue book kbb used car valuation pa auto. Rely on the kelley blue book fair market range for used cars. Our values are the results of massive amounts of data, including actual sales transactions and auction prices, which are then analyzed and adjusted to account for seasonality. The kelley blue book price advisor shows you what you should pay for. Getting an accurate price at home whether dealing with a private party or a company tells the importance of kbb. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Kelley blue book s industry solutions are designed to provide easy access to the kelley blue book values and vehicle data you require.
Get the best prices on great used cars, trucks and suvs for sale near you with edmunds. The final price depends on the cars actual condition and local market factors. See how kbb and nadaguides values differ in pricing. Kelley blue book used cars value calculator pricing a car. Dec 22, 2019 yes, a car vin number will inform you the year of the car if you learn how to decode the vin. Get used car pricing and explore thousands of car listings at kelley blue book. Kbb is the company in the auto industry who brought the tradition of pricing cars based on their mileage when every other feature is similar. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Although none of the top used car buying guides is perfect, when taken together along with additional. With over 90 years of experience in vehicle valuations, we offer scalable solutions, from large vehicle portfolio valuations to single transaction, historical, and certified preowned cpo kelley blue book values. It is one of many tools used by car dealers to determine car values for their inventory. But, if you are living in canada, that is a different story. Vehicle history is an important factor in determining a cars value.
All kelley blue book used vehicle values are based on data obtained from dealers, auction data, remarketers and consumers through a feedback tool on the companys web site, kbb. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. Canadian black book provides free car values, new and used car prices, and vehicle listings. Loan givers needed to evaluate the value of the collateral. This is because a cars value can differ between valuation guides such as kelley blue book, nadaguides, and black book the three. Theyre all terms used to describe the estimated market. Get the kelley blue book value for your used car or tradein vehicle, find. Kelley blue book kbb is the gold standard in setting usedcar valuations. Since the 1920s, the kelley blue book has served as a standard within the. Ive never purchased a used car so is it customary for people to list their cars for more kbb. Kelley blue book began its valuation service to fulfill a need for used car pricing information by the banking and insurance industries. The retail blue book value, as defined by kelley blue book kbb is their suggested retail value msrp for used cars and is the expected starting price for a used vehicle that has been fully reconditioned and is available for sale by a car dealer. It helps to have a trusted pricing source on your side. Determine a monthly payment and a term that works for you.
Tradein value and suggested retail value prices are. Kelley blue book new and used car price values, expert car. Nada is meant to provide a reasonable perspective of the value of a vehicle but is only an estimate and can be high or low at times. This is important because the loan value may be less than the price. 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. Which kelley blue book rating do banks use to determine the. Kelley blue book is probably best known for trade in values and private party values for the car you already have. Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods. If you have a tradein, learn the value of your current car.
It then determines used car values for specific situations, including a private sale value, a tradein value and a suggested retail value. Values are presented on several scales, creating an unique price for every situation. And today theres no better place to find the value of your current car than kbb. With this knowledge, you will have the confidence that you are getting a vehicle that will meet your needs as well as the necessary information to negotiate effectively. 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. You can find the kelley blue book value of your car online at the kelley blue book site. This is an as is value that does not include any warranties. Kelley blue book canada nada guide nada book value. The guide not only lists the value of new vehicles, but it also lists used car values. If so, youll need enough of a down payment to cover the difference between the cost of the car and the loan value. Many people use this term, along with black book or edmunds tmv. Get the best deals on used cars for sale near you edmunds.
Should i pay more than kelly blue book value for a car. Black book vs kelly blue book trade in values fremont motor. We have over 5 million cheap used and certified preowned cpo vehicles in our database and we provide you. Kelley blue book is heavily used on the west coast, black book in the southeast, and nada is more widespread nationally due to its heavy dependency from financial institutions in regards to loan originations.
The kelley blue book, which coined the term blue book, is the original source for determining the loan value on used tractors. The kelley blue book price is a trademarked car valuation from kbb. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Kelley blue book values blue book values nadaguides. Learn about kelley blue book, edmunds,the black book, n. When buying a used car, its usually hard to know what a fair price is. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. The company provides free value estimates for new and used vehicles on its website.