According to kelly blue book a commonly used car reference websiteother values to keep in mind are a vehicles tradein. Find out the value of a used car with kelley blue book. Now published quarterly, the consumer edition of the kelley blue book used car guide includes current tradein values, private party values, and suggested retail values on more than 10,000 models of used cars, trucks, and vans. The kelley private party value is, in my opinion, the most worthless of the four values that kelley blue book kbb provides. If you are planning on trading your vehicle in, this can give you a good idea of that the value of your vehicle is, and what you are looking at in terms of the tradein offer from the dealer. Blue book private party value private party value is what a buyer can expect to pay when buying a used car from a private party. Motorcycle blue book value is an indication of how much a preowned motorcycle is worth between private parties. 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. Kelley blue book reports used car values for a variety of buying and selling transactions. I know that may have come across a little rough, but ill explain why in a second. You should print a few copies of this page for your tax records and the irs. Theyre all terms used to describe the estimated market. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association.
Private party sales faqs private party sales frequently. My cars value kelley blue book new and used car price. With other car evaluation companies like edmunds, nada, and black book which often lists lower prices than kbb, it will be hard to convince someone to pay that muchespecially if you. Its based on data from real transactions, plus market conditions and vast industry knowledge. The kelley blue book is the most popular usedcar buying guide.
Whether youre trading your vehicle in at a dealer or. For used cars, kelley blue book provides typical listing price, certified preowned price, tradein value and private party value. A dealer needs to obtain a vehicle for a lower amount so it can still turn a profit when the car is resold. From there, they can select the automobiles style, engine size and other details to arrive at a value. If youre buying the car from an individual instead of a dealership, look at the kelley blue book private party value. Tradein value and suggested retail value prices are available for both sellers and buyers planning to interact with a dealer.
Value type and features kelley blue book values are divided into tradein, private party and suggested retail categories. The term private party value refers to the asking price of a used vehicle when sold by an individual as opposed to a car dealer. Kelley blue book also primarily utilizes asking price information in their weekly valuation processes. Kelley blue book kbb has a tradein value for those that want to go straight to a car dealer for a quick all cash offer. Black book used car values new cars, used cars, car. The kelley blue book suggested retail value is not an appropriate value for donations. Blue book used car values are determined by taking into consideration the equipment and options. Kelley blue book reports used car values for a variety of buying and selling. When purchasing a vehicle from a private party, can the clean retail price be used to determine the value they expect to receive.
Nadaguides national appraisal guides and kelley blue book both have a long history. The final price depends on the cars actual condition and local market factors. How do you find the kelley blue book value of used cars. The vast difference between dealers lot prices and private prices is reflected in common car pricing tools like the kelley blue book web site. Apr 10, 2018 kelley blue book kbb has a tradein value for those that want to go straight to a car dealer for a quick all cash offer. Apr 02, 2014 the kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. May 10, 2019 the kelley blue book is a private party service that provides a valuable starting point used for reference in a used car sales between a buyer and seller. According to the kelley blue book, one out of three people use the kelley blue book when looking to buy or sell a car within the united states. You will then receive the kelley blue book private party value for your car in its current condition. It also includes the value of motorcycles, value of boats and other automotive in the market. According to kelly blue booka commonly used car reference websiteother values to keep.
While there are many resources that you could use to find a motorcycles private party value, kelley blue book and the national automobile dealers association nada have become the industry leaders. The kelley blue book price is a trademarked car valuation from kbb. Kelley blue book recommends using the private party value instead of the used retail or trade in values for vehicle donations. What is your car worth and what is your vehicle book value. 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. Drivers can find out the value of their used cars by typing in the car s year, make, model and mileage into the kelley blue book website. Finding the right kelley blue book value for secondhand.
This value can fluctuate based upon the market and demand for the vehicle. Covering 15 model years, the book includes vins, original list prices, easytouse equipment schedules with values for. The kelley blue book used private party value is what you can expect to pay if you bought the car used from the dealer. Get used car values with edmunds car value appraisal tool. The kelley blue book has all the information that you need whether youre planning to purchase a brandnew or used car. 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. Kelley blue book new and used car price values, expert. The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. The final sales price depends on the cars actual condition and local market factors. Investing a small amount of time to truly understand the different kelley blue book values, which used car values car dealers use and how they.
Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. Kbb used car values, dealers used car cost, kelley blue book. While there are many resources that you could use to find a motorcycles private party value, kelley blue book and the national automobile dealers. Kelley blue book collects its information by consistently attending and analyzing results and prices from car auctions. 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. The value determined does not include any warranties, nor the cars actual condition and local market factors. Tradein values are lower because it is assumed the car is being traded or sold to a dealer. Or you can rely on the kbb private party price for transactions between two private parties. The private party value assumes the vehicle is sold as is and carries no warranty other than the continuing factory warranty. The kelley blue book is a private party service that provides a valuable starting point used for reference in a used car sales between a buyer and seller. In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a used car. When finished, click on get pricing report at the bottom of the page. This will be the value you will use for your donated vehicle. The private party value refers to the amount expected for a private sale of a vehicle as an individual seller.
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 and market trends. Private party, tradein, retail values, 19872001 used car and truck, julydecember 2002 kelley blue book on. 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. Private party values are free to consumers on the companys web site. A fair, mature, and honest personthe kind you want to buy a car fromwill respect the significance of the kbb value. The true scumbags of the private party world or used car dealers for that matter are the ones that try to dupe people into getting into a vehicle that has. Kelley blue book new and used car price values, expert car. Kelley blue book basics for used car buying carsdirect.
An individual wishing to appraise his vehicle can access the kelley blue book website for free to determine a fair asking price for his car or truck, as stated by the companys web site. Kelley private party value, used car values for private car sales. An individual wishing to appraise his vehicle can access the kelley blue book website. The kelley blue book and black book both claim to be the most accurate source of information when it comes to pricing used cars, but they actually serve different purposes. Kbb used car values, dealers used car cost, kelley blue. The kelley blue book has been trusted by many buyers since 1918. Jan 28, 2020 motorcycle blue book value is an indication of how much a preowned motorcycle is worth between private parties. Jan 07, 2020 blue book is a common terminology to describe the market value of used, new, and also classic cars. Oct 07, 20 now published quarterly, the consumer edition of the kelley blue book used car guide includes current tradein values, private party values, and suggested retail values on more than 10,000 models of used cars, trucks, and vans. Although, i dont think it is a very significant number, id like to show you some ways to use the kelley private party value if you are. Kelley blue book private party valuethe kelley blue book private party value is the starting point for negotiation of a used car sale between a private buyer. Get your used car tradein value with kbb butler auto group. Can i realistically get the kelley blue book price. The black book is also popular, though not as old, as it was started.
Blue book is a common terminology to describe the market value of used, new, and also classic cars. Get used car, truck and suv values with edmunds car value appraisal tool. Nov 22, 2016 the value of the vehicle differs depending on what the value is needed for. Kelley blue book used cars value calculator pricing a car.
This is an as is value that does not include any warranties. You should take note of the three pricing categories in order for you to properly weigh choices. It enlists the retail and wholesale values of cars in the market. On the kelley site, users enter particular information about a car to get an accurate assessment of its current value. The private party value refers to the amount expected for a private sale of a vehicle as. Kelley blue book used cars value calculator what my car. Private party values exist in contrast to several other often quoted used car figures. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. This pricing data comes from oems, wholesale auctions, dealerships, rental companies and.
May 12, 2020 the kelley blue book also lists trade values on vehicles. Feb 28, 2020 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 private party. You can look up your used car or truck and access the trade value on that vehicle. Many people use this term, along with black book or edmunds tmv.
Learn how to read and determine kelley blue book values. Kelley blue book values blue book values kbb vs nadaguides. After providing information about the condition and features of the vehicle to be appraised, the system provides a current market value for both private party. Differing from the other car value tools used by kelley blue book, the fair purchase price is sourced. The kelley blue book also lists trade values on vehicles.
The private party value of the vehicle most closely resembles the actual cash value of the vehicle. The value of the vehicle differs depending on what the value is needed for. 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. Its the starting point for negotiation of a used car sale between a. Or, it can represent the value you should expect to receive when selling your used car privately i. I honestly wouldnt say what condition i would rate it at, it has a bunch of tiny small problems, like the rear air conditioner doesnt work well, the whole car smells sometimes, the carpet is really dirty. Kelley blue book private party pricing report audi, a6. In short, it gives you the important knowledge related to the cars. The blue book value of your car is the market amount it is worth to others. The spread of values allows a user to look at all possible values depending on the condition of the vehicle. For example, when gas prices go up and the demand for ecofriendly cars increases, kelley blue book would anticipate prices for used hybrids to increase. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. 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.
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. The privateparty value indicates the price a consumer might pay to buy the car from you directly. Kelley private party value, used car values for private. You can choose between a tradein value or a private party value. With other car evaluation companies like edmunds, nada, and black book which often lists lower prices than kbb, it will be hard to convince someone to pay that muchespecially if you cannot accurately judge car quality and market pricing yourself. 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. Private parties asking way above kelley blue book lease. Kelley blue book private party pricing report ford, f150. The kelley blue book provides suggested retail values for a start, but dont forget to check trade in and private party values as well. Used car values, price guide and tradein estimator.