Kelley blue book has four condition classifications for used cars, boats, and motorcycles. Condition quiz kelley blue book new and used car price. Prices can be adjusted based on mileage, region, condition and optional equipment to ensure it is the most relevant for your needs. Wholesale lending value is a trusted benchmark value for wholesale and retail lenders. No other book on the market can claim to be the recognized authority in used vehicle pricing, and no other book covers 15 years of values. The kelley blue book determines the value of a vehicle by. It is a somewhat generic pricing method, but one that is reliable because it takes into account so many factors and produces a useful average that buyers and sellers can use to predict the street value of a. Kelley blue book values do not take into account key factors that change frequently, even on a daily basis, such as the economy or the number of that same vehicle on the market. A vehicle is deemed in excellent condition by kelley blue bookif it appears brand new, hasnt had bodywork including paint, lacks rust, is in perfect mechanical. Unfortunately, with the everchanging market today the used car blue book value that you are getting may not be accurate. This vehicle would be in excellent condition overall. Kelley blue book kbb, which offers regularly updated pricing for used cars, has added a very good rating in order to better reflect the evolving used car market. How do you find the kelley blue book value of used cars.
Apr 09, 2012 the kelley blue book site calculations also allow for the various conditions that used vehicles are in. Your cars fmv is timespecific, meaning that it can change if you take months or. Some vehicles may be considered matching numbers vehicles. Drivers can find out the value of their used cars by typing in the cars year, make, model and mileage into the kelley blue book website. How vehicles count toward the resource limit for cash and food.
For vehicles listed by individual sellers, kelley blue book uses their private party value to determine the price range of similar vehicles sold by other individuals. Dealers use kelly blue book to establish the value of tradeins as well as comparing numbers to set their lot prices. Very few used cars fall into the excellent category. Kelley blue book factors in the year, make, model, mileage, options, condition and location of your vehicle and then provides four different values for the vehicle. Based on the vehicle condition, there are three ranges of values. Kelley blue book provides vehicle values that are consistent, predictive of current market conditions powered by nearly 90 years of providing vehicle valuations to consumers, weve channeled our unparalleled abilities for evaluating market data into one of the industrys most relevant resources for dealers. The kelley blue book condition quiz helps you ask the right questions when considering a used vehicle purchase. Additionally, kbb has expanded its weekly ratings to 51 regional markets nationwide in order to offer geographically relevant pricing information to sellers and buyer of used cars.
But i looked at a 1990 wrangler, and it all really depends on what the jeep has. Camaro zl1 2dr car in capitol chevrolet del grande dealer. What the different vehicle conditions mean for cars on. Kelley blue book provides values for cars ranging from excellent to fair condition. Todays used trucks are a lot more than just the traditional workhorses, with more engine choices, passenger space and incabin technologies than you might expect.
Before you donate or sell your car, its important to calculate its fair market value fmv. In this case, kelley blue book applies its 75 years of car appraisal experience to determine prices. And today theres no better place to find the value of your current car than. The immense resources of cox automotive allow brands such as kelley blue book, manheim, autotrader and vauto to share trillions of proprietary data points. Kelley blue book kbb notes that a salvaged, reconstructed or otherwise clouded title has a permanent negative effect on the value of a vehicle. The company is owned by the cox automotive subsidiary of cox enterprises. In vehicle leasing, the kelley blue book re sidual value is kelley blue books forecast of a vehicles future market value. How vehicles count toward the resource limit for cash and. Sep 02, 20 even if you can find it, the kelley blue book value for an older bmw m car is not going to be meaningful. 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. An overview of the cox automotive family of values. Keep in mind that there are many factors that affect value.
You might say we literally wrote the book on car values. The configuration and overall condition of the rvs interior will play a part as well. Low retail is the value to be used if a vehicle is a daily driver or in rough condition while still being operable. Private party, tradein, retail values, 19872001 used car and truck, julydecember 2002 on. You need to figure out which of the four categories excellent, good, fair and poor the car or truck belongs in. The blue book value is used as a guideline for car dealers and others who buy and sell used cars. 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. Many of these sales are between private individuals, so kelley has no way of knowing actual selling prices. Lease terms usually range between 24 and 60 months.
In general, most vehicles depreciate at a rate of between 15 and 20 percent per year. The market value of an automobile as determined by the kelley blue book. Mar 02, 2020 the term blue book value refers to the value of a vehicle by a guide known as the kelley blue book. This book enumerates cars which were produced from 1946 through 1986. We have new and used copies available, in 0 edition starting at. The kelley blue book price advisor designed to minimize and ease price negotiation between sellers and shoppers as consumers gain more and more visibility into the car shopping process, new opportunities have been created for dealers to differentiate themselves by understanding the needs of shoppers and providing transparent marketbased pricing. Depending on the method of disposal, there actually may be more than one blue book value for the consumers car, truck or suv. Based on kelley blue book s auction value, the wholesale lending value assumes that the vehicle is in good or excellent condition, fully reconditioned, inspected and prepared for retail sale.
Historically, kelley blue books have been available in bound form, but you can now access kelley blue book information on the internet by answering a few questions about the vehicle in question. The exterior paint, trim and mechanics are not in need of reconditioning. Nada guides is a comprehensive vehicle listing website that publishes blue book type specifications, research material, and pricing information on boats and personal watercraft as well as other types of vehicles. 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. It goes without saying that a car in excellent condition has a higher value than the same car in inferior condition. Find the right price for the car you want to buy or sell. To get the most accurate sense of your cars condition, please answer each question honestly. Kelley blue book reports used car values for a variety of buying and selling transactions. The kelley blue book is the most popular usedcar buying guide. Kelley provides some specific criteria for each category that help buyers and sellers define the vehicle s overall condition. Since 1926, kelley blue book has been one of the most trusted names in the auto industry. 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. Kelley blue book fair market range helps consumers navigate growing trend toward online vehicle shopping, general motors relationship provides fair market price range for buyers through. In particular, the re sidual value is used to establish the value of a vehicle at the end of its lease term.
Kelley blue book doesnt provide price information for cars in poor condition. Even if you can find it, the kelley blue book value for an older bmw m car is not going to be meaningful. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. You can determine the condition of a vehicle by taking a condition quiz found on the equipment selection page, or by comparing the car to these category definitions. Get a vehicle history report before buying a used car. Where can i find the blue book value of a car from 1988. This printable form makes it easy to take with you when assessing a vehicles condition or use it when asking the seller the true condition of the vehicle youre interested in. The kelley blue book has become one of the major merchandising devices of. Check any other options on your vehicle to get a more accurate estimate. The kelley blue book value is one of the oldest resources around for determining the value of your used vehicle. Sep, 2015 the kelley blue book value is one of the oldest resources around for determining the value of your used vehicle. My car is a 1987 how do i get the blue book value yahoo. Find the tradein value of your preowned vehicle here today.
You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. 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. These are condition guidelines to help assess a vehicle s condition. To do this, kelley blue book uses information that the seller provides about their vehicle and compares it to what similar vehicles. There are any number of issues that can alter the true value of a car and kelleys blue book and its competiting sites completely ignore many of them. Private sellers use it as the bible in selling their personal cars. Enter the accurate mileage so you can get the best results possible. But, like all generalizations, there are numerous details for w.
How kelley blue book determines vehicle price information. The term blue book value refers to the value of a vehicle by a guide known as the kelley blue book. All definitions are approved by humans before publishing. Correctly classifying a vehicles condition is paramount when using hagerty valuation tools. Kelly blue book doesnt have an option to go back to 1988. Major scratches, scrapes, pitting, bent, or dented. The blue book assessment quiz takes into account several specific aspects of the exterior, interior, and mechanical conditions, as well as whether or not the vehicle has complete. Definition of blue book value in the financial dictionary by free online english dictionary and encyclopedia.
Kelley blue book is an irvine, californiabased vehicle valuation and automotive research company that is recognized by both consumers and the automotive industry. When buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. It could be a completely restored or an extremely wellmaintained original vehicle showing very minimal wear. A vin check will reveal past ownership, title information, accident history, liens, vehicle maintenance, faulty odometer settings, and flood damage. You can determine the condition of a vehicle by taking a condition quiz found on the. Kelley blue book provides most accurate vehicle values for. Excellent condition means that the vehicle looks new. There will be blemishes and defects or poor quality. Whats my car worth used car trade in values and resale values. The resulting synergy helps produce valuation products that benefit the entire automotive industry. Kelley blue book definition of kelley blue book by the free. The condition and maintenance of this particular vehicle. Kelley blue book new and used car price values, expert.
From there, they can select the automobiles style, engine size and other details to arrive at a value. You can combine the range of with the depth of nada guides to help you pinpoint the market value of a boat. Study up the value of a classic car is always important because it makes a huge difference in getting the best deals or being doped. What is your car worth and what is your vehicle book value. Kbb value is given based on the vehicles condition and similar prices of your car in your location. The black book also supplies price quotes, but its main customers are car dealers who use the listed wholesale prices as a guideline for pricing their used cars.
Kbb is an acronym for kelley blue book which is a company values used vehicles. Kelley blue book definition of kelley blue book by the. An official list of persons in the employ of the us government. Aug 02, 2010 not quite sure, since on their website it only goes back to 1990. Blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. Kelley blue book synonyms, kelley blue book pronunciation, kelley blue book translation, english dictionary definition of kelley blue book. It reflects in its pages the suggested retail price of every classic car under a variety of conditions. Examples of vehicles in poor condition are ones with severe mechanical issues, substantial cosmetic defects, a branded title such as salvage or flood and so on. Looking at current market conditions and seasonality. In addition, for the easiest way to get rid of your current car, we offer the kelley blue book instant cash offer, an actual cash offer based on blue book values, redeemable today for cash or tradein at a network of participating dealers subject to terms and conditions. Kelley blue book and the black book are two major resources available which can help you assess the price of a vehicle you wish to buy or sell. See a list of frequently asked questions regarding pricing, valuing vehicles, nada, nadaguides. Easily look up the tradein, private party and typical dealer asking price of over 60,000 different vehicle variants.
The guide not only lists the value of new vehicles, but it also lists used car values. Blue book value financial definition of blue book value. Oct 16, 2008 and only list prices back to 1988 where do i go to find an accurate price as my car is a total lose and i want to get paid the correct amount of money for my truck and the lose of its use. How to find classic car blue book values by jason unrau. The kelley blue book value of a vehicle is a standard value estimate based on model year, mileage, features and condition of the vehicle. The kelley blue book is a car valuation guide for new and used cars from the consumers side, supplying prices of cars based on the specifications of the particular vehicle. Kelley blue book is an irvine, californiabased vehicle valuation and automotive research. About kelley blue book if youre searching for used car pricing information, then youll want to use the most trusted source in the car business. Let me explain what goes into these price guidelines. Kelley blue book assesses a used vehicles condition as fair if its tires need replacement, it has any rust which must be repairable to be classified in fair condition, it possesses some defects in the engine or other mechanical systems, or any visual flaws in the paint job or the interior. 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. The kelley blue book is widely accepted as an accurate, but also fair value of a vehicle to both the buyer and the seller.
General condition and mileage will also affect the amount of car depreciation. Used car values, price guide and tradein estimator. When buying a used car, its usually hard to know what a fair price is. The blue book is the vehicle information resource used by consumers and the automobile industry to establish price guidelines. The final sales price depends on the cars actual condition. Kelley blue book values can be misleading car sales forum. It is simply your best guide when it comes to making negotiations and deals. How to figure the blue book values for vehicles older than. You can subscribe to the book, buy a single copy or request a certified copy of a specific value by calling kelley s customer service department on 18002583266. You can try any tactic you wantfor reasons unknown to me, used civics seem to be able to get unrealistic pricesthere are too many willing buyers who do not know or care yet what a timing belt isif you can get a corolla for the same money, i would head in that directionstart by offering 20% less than blue book, which today is more like a dream book. While hauling and towing are still important for truck buyers, creature comforts are capturing their attention as well. How to find classic car blue book values it still runs.
Updated and published twice a year, this consumer edition of the kelley blue book includes original list prices and two retail values, for good and excellent condition. Kelley blue book private party pricing report ford, f150. Kelley blue book adds very good rating for used cars. Kelley blue book does not attempt to report a value on a poor vehicle because the value of cars in this category varies greatly. The dealership was founded by les kelley, an arkansasborn businessman who started the dealership with three used model t fords and one employee, his yearold brother buster.
When it comes to buying or selling a car, its important to take advantage of the tools available for you. Their industry rule of thumb is to deduct 20% to 40% of the blue book value, but salvage title vehicles really should be privately appraised on a casebycase basis in order to determine their market. This is an as is value that does not include any warranties. The majority of vehicles are fall under the good condition category. It starts with the value of the car when it was new and takes into account market forces that are.
If you are a fan of a classic car to collect or purchase, you can rely on the classic car blue book. Blue book value of their vehicles, said bill antonelli. Kelley blue book basics for used car buying carsdirect. It would generally be in a museum or transported in an enclosed trailer to concours judging and car shows. Kelley blue book fair market range helps consumers navigate.
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