Should i sell my car at blue book value

The kelley blue book trade in range shows what a consumer can expect to. The final sales price depends on the cars actual condition and local market factors. Is it illegal to sell a car above the kelley blue book. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. They have a great price engine that analyzes local and nationwide vehicle sales to give you a rough valuation based on your vehicles condition. Whether youre trading your vehicle in at a dealer or planning to sell it. Enter your vehicle details in our online valuation tool and you will receive an initial value of the car within seconds then book a valuation appointment in your area. The company provides customers, businesses, and consumers with accurate vehicle pricing information. See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019. Black book vs kelly blue book trade in values fremont motors. Autotraders car valuation tool can help you find the kelley blue book value of the car you would like to sell and give you a suggested car price. Kelley blue book says that of the cars it values, 3 percent are excellent, 18 percent are fair, 23 percent are very good and 54 percent are good. For example im thinking about buying a 2000 acura tl.

Owners tend to overestimate the value of their car, which can lead to unrealistic expectations. Nada blue book was established in 1917 to protect the interest of car dealers across the united states. Get used car values from black book with our car pricing guide discover your cars resale value so you can sell it yourself find out your cars selltodealer value so you can sell your car to a. According to kelley blue book, the brands with the best resale value are toyota on the mid. Future value of a vehicle to see how a car depreciates over time. Used car values, price guide and tradein estimator.

They adjust for condition, average prices of similar cars that have sold, prices in. The kelley blue book instant cash offer is a dependable, free way to trade in or sell your car today. The value of a used car is what a buyer will pay for it. You can think of the black book values as an estimated wholesale value of a vehicle that dealers use to ensure profits when buying or selling used cars. The kelley blue booksm instant cash offer is a dependable way to trade in or sell your car today. Ive done all the researchmy car is in very good condition with mileage at the averageyear and a documented paper trail.

When selling accident damaged cars, you can get the most from experts who can properly evaluate your car. The dealer calculates the price it wants to pay for a used car using the wholesale value numbers from the dealer version of the blue book. Vehicle history is an important factor in determining a cars value. Sell my car sell a car, sell a used car, car tradein at.

These three guides specialize in distinct niches of automobile retail. Simply create the ad online to reach millions of serious shoppers on autotrader and. Its a real offer based on trusted blue book values at participating dealers. Kelley blue book new and used car price values, expert. Many of these sales are between private individuals, so kelley has no way of knowing actual selling prices. Kelley blue book value is just one appraisal guide used by consumers to determine fair vehicle pricing. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Whats my car worth used car trade in values and resale values. By 1996, consumers could visit the companys website, to find values for new and used cars. First, estimate the value of your car without repairs.

Data black book acquires their pricing data from wholesale auctions, and retail. If you ultimately set your asking price too high, youll probably have. How carmaxs usedcar prices compare to kelley blue book. Our nationwide partners will make the selling of your car as quick and easy as possible. However, the company produces a collectors edition of the blue book that covers vehicles that are more than 21 years old going back to 1946. One of my friends who worked at a dealership let me know exactly what i should ask for my tradein. Kelley blue book kbb is considered one of the most reliable resources and for determining the value of a used car, and an authoritative pricing guide for selling, buying, and trading cars. Paying over blue book value for a private party used car. We buy your car free online valuation without registration. Values and pricing faqs values and pricing frequently. Simply create the ad online to reach millions of serious shoppers on autotrader and kelley blue book.

Ultimately, whether its us, black book, or kelley blue book, your tradein value is dependent on several factors including make, model, year, condition, accessories and mileage. Check car prices and values when buying and selling new or used vehicles. In my opinion, the best place to go for used vehicle prices is kelly blue book. Should i used blue book values when pricing my car. Ive never purchased a used car so is it customary for people to list their cars for more kbb. If you choose to sell your car yourself, the private party value stands as a starting point. Get the used car value with the carfax canada value range estimator its not the listed price of a vehicle that matters what matters is what it sold for.

Get the most money for your car when you sell privately. From the online blue book data, the estimated tradein value will be pretty close to what the dealer should have. Values and pricing faqs new car prices and used car book values. Get the kelley blue book value for your used car or tradein vehicle, find tools to help. 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. A lot of people dont know about it, but the kelley blue book also has a companion, the black book, that only dealers have access to. Should i pay more than kelly blue book value for a car. Search for your next used car at, the site you trust the most. 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. Simply go to kelley blue books website, click what should i pay for a used car.

Kelley blue book how does it compare to market value. Should i start with an asking price at blue book good. Kelley blue book reports used car values for a variety of buying and selling transactions. In the end, post repair, your cars value will probably take the 30% hit.

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. Where you choose to sell it will also affect its price. Kelley blue book doesnt provide a similar value for used cars, because there is no practical way to track used car sales. Because of this fact, nada guide is primarily used by dealerships as a resource, so. Because it depends on individuals to report honestly how much they paid for a car purchased from an individual when they are going to be paying taxes on it. Should i sell my car above kelly blue book value if it is in.

The dealership i trade my car in didnt want to give me that much, but finally decided to do it. Kbb is a composite price for what you can expect for your car if you were to sell it. Car prices and values for trucks and suvs canadian black book. Use autotraders used car valuation tool to find the kelley blue book value of the car youd like to sell or buy. Black book used car values new cars, used cars, car. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. How to know how much to sell your car for in relation to. My cars value kelley blue book new and used car price. Since 1926, the organization has monitored usedcar transactions, publishing marketdriven values on preowned cars. Well say for this example that the repair will bring the value of your car up to. 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. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or.

But, like all generalizations, there are numerous details for w. Should i sell my car above kelly blue book value if it is. Can i realistically get the kelley blue book price. Mar 25, 2017 this is a response to an email that everyone subscribed to the car flips email list received. Should i sell my car above kelly blue book value if it is in great condition. The kelley blue book value is one of the oldest resources around for determining the value of your used vehicle. The value of your car will vary based on its year, make, model, features, its rate of depreciation, and condition level. Jun 01, 2016 kelley blue book kbb is the gold standard in setting usedcar valuations. Before deciding what to do with your car, you should get a good idea of the value.

How accurate are kelley blue book car values when selling your car. 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 kelley blue book sm instant cash offer is a dependable way to trade in or sell your car today. How much more than the blue book value can a dealership sell. Though variables like odometer readings, damage history and location can greatly influence the trade in value, the average is a good way to gauge roughly how much it will trade for. I noticed local dealers are asking 3k above book value even for retail on the same cars that have more miles on them. Review and research your used car values on nadaguides. Its the source for current transaction prices, whether a used car is a tradein or sold through a private party or dealer. Apr 18, 2017 in the end, post repair, your cars value will probably take the 30% hit. Nada guide provides vehicular information to a majority of financial institutions, including car dealerships, credit unions, banks, leasing companies, and insurance providers, noting trends in wholesale prices. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. When youve decided its time to sell your car, the first thing to determine is a realistic price. From the online blue book data, the estimated tradein value will be pretty close to what the dealer should have paid for a car that is on the lot and for sale. Sites like kelley blue book, a trusted resource for purchasing vehicles, define cars of good value to have minor scratches, dings, dents, or blemishes.

Get used car pricing and explore thousands of car listings at kelley blue book. 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. 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. If its totaled or if you opt to not repair because it falls into that 40 70% category, it might be time to sell your car. Dealerships have to make a profit, so you cannot expect to get a fair kelley blue book price. The kelley blue book determines the value of a vehicle by. Find out what your car is worth at, the trusted resource for used car values. Select up to four vehicles to compare pricing, mpg, specs, pictures, safety features and warranty coverages. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Although the kelley blue book dates to the 1920s, it didnt publish a consumer edition until 1993. To find the value of an older car, you cant use the website tool. Tradein value when you want to trade your car to a dealership.

Enter your vehicle details in our online valuation tool and you will receive an initial value of the car within seconds. When it comes to realizing the blue book price when selling a used car outright, sellers often find their expectations are set too high. The kelley blue book, developed in the 1920s by a used car salesman, lists the different values of different vehicles depending on if its a tradein, a private sale, or a dealership sale. We offer free price and valuation tools where new and used car shoppers can look up the. A financial exchange whereby each party feels like they totally screwed the other kelley blue book is an excellent resource to ballpark the current value of a vehicle. Whether youre buying or selling a car, truck or suv, you cant get away from what wed call blue book mania. You can find both new and used motorcycle prices and values in addition to boat values, and rv values. Should you sell your car yourself or accept kelley blue. Keep in mind that these price ranges can fluctuate. Kelley blue book is a popular evaluation guide for consumers and dealerships. If so, then you might have checked kelley blue book kbb to determine a fair selling price.

How much more than the blue book value can a dealership. Get a used car value range and average thats based on how much comparable vehicles have sold for in your area. Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods. Kelley blue book is probably best known for trade in values and private party values for the car you already have. Sites like kelley blue book or edmunds are good examples of resources that can help you with your estimation. Kelley blue book kbb is the gold standard in setting usedcar valuations.

Find out the value of a used car with kelley blue book. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. Sep 29, 2018 sites like kelley blue book, a trusted resource for purchasing vehicles, define cars of good value to have minor scratches, dings, dents, or blemishes. Mar 03, 2019 should i sell my car above kelly blue book value if it is in great condition. When people mention a cars book value, theyre almost always referring to the price determined by kelley blue book. Although, there are many misconceptions about the guide that create confusion among consumers. If the seller doesnt care about national averages, they will sell a car when they want to. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. When buying or selling a used car, many people rely on the kelley blue book kbb. Looking at current market conditions and seasonality. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. The edmunds free car appraisal tool can help you make a smart decision on your. Its a real offer based on trusted blue book values.

When youre visiting a dealership, you can walk in confidently with the kelley blue book tradein value and tradein range for your car. This is a response to an email that everyone subscribed to the car flips email list received. Should you sell your car yourself or accept kelley blue book. 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. Even if you do get a fair price on a trade in, you will lose that money on the other side of the deal. Unfortunately, with the everchanging market today the used car blue book value that you are getting may not be accurate.

The kelley blue book trade in range shows what a consumer can expect. This is an as is value that does not include any warranties. Is it illegal to sell a car above the kelley blue book retail. Kelley blue book values blue book values kbb vs nadaguides. You can subscribe to the book, buy a single copy or request a certified copy of a specific value by calling kelleys customer service. The blue book value, as it is sometimes called, will vary based on the shape your automobile is in. Should i pay more than kbb or should i negotiate a price close to kbb value. Some factors that could affect the accuracy of kbb values are lag time. Get a used car value range and average price based on what vehicles are selling for in your area so you can close the deal at a fair price. Showing a seller kelly blue book values might help with negotiation, but kbb is. In this case, kelley blue book applies its 75 years of car appraisal experience to determine prices. And when we compile used car sale data by brand, the results for mostexpensive used cars is, in some cases, pretty surprising and not so much in others. Whatever your vehicle type, owners should maintain the vehicles condition to retain as much value as possible. Get used car values with edmunds car value appraisal tool.