It’s the price manufacturers suggest to dealers that they should charge for a particular vehicle. This is the manufacturer’s suggested retail price. Here’s a quick overview of the terms you’ll find and what they mean: When you’re looking to value your car, you’ll be faced with several different values and a few important terms. It will offer you two different values: the Private Party Value and the Trade-In Value which will be different amounts for the reasons explained below. The easiest way you can value your car is to use the fair purchase price calculator on Once you give it a few pieces of information, it will come up with a value for you. If you simply type a search into Google asking, “how much is my car worth?” you are going to receive a number of answers which all give you a different price. This is useful information when deciding what vehicle you should buy. The Blue Book Value will help to show which vehicles depreciate more quickly than others and why that is. Most vehicles can expect to see a 15 – 20% depreciation in value with every year that passes. The Kelley Blue Book Value takes into account a number of variables when deciding what the Blue Book value should be. This is the amount that you should expect to pay for your vehicle if bought at the dealer. When selling your vehicle privately, this is the amount you should expect to receive from the buyer. This is the figure that you should be looking to get when you sell your car to a dealer. There are three different types of value given in the Blue Book for every vehicle. What 3 Values Does The Kelley Blue Book Give? It can help by giving you an objective measure by which to put a value on a vehicle. Many customers use the Blue Book Value to help guide them in knowing how much they should buy or sell their car for. Named the Blue Book simply due to the color of its printed cover, it is now synonymous with auto pricing standards in the industry. The first Kelley Blue Book came out in 1926. It covers everything from cars to motorcycles, trucks, and vans.Ī new updated version of the whole book is released every year while many aspects of the Blue Book are updated much more regularly. Since the 1920s, the Blue Book has been used as an auto industry standard in the US when it comes to auto valuation. The term Blue Book Value is the value of your vehicle as listed in the Kelley Blue Book guide. What exactly is the Blue Book and how do you use it in valuing your vehicle? What Does “Blue Book Value” Mean? This is true for both private sales and when you are considering trading it in at a dealership against the cost of a new car.įor nearly a century, both the auto industry and the general public have been using the Kelley Blue Book to value vehicles. When you’re thinking about selling your car, you will need to know how much its worth to be able to know what to ask for it. Estimated reading time: 6 minutes What Is The Blue Book Value Of My Car?
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