Kbb Used Car Value By Vin Number – Determining the value of your used car takes more than a rough estimate. If you’re trading in your car or selling it to a third party, it’s important to get an accurate price. Without it, you risk asking too much (and not finding a buyer) or selling too little. This is where Kelly Blue Book values come into play.
However, there are many different assessment resources that you can use. These are called “books”. Dealers and car owners can use these books to estimate the value of their cars. What should you use?
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Today we will be looking at the most popular book, the Kelly Blue Book. We’ll look at what they are, discuss the values they convey and when to use a Kelly Blue Book rating.
Blue Book Car Value Calculator: Calculate Your Used Car Value
The Kelly Blue Book was introduced in 1926 and became the standard for determining the value of used cars. Due to its popularity, physical books were released and distributed in blue.
These days, KBB.com has a Blue Book that gives you a real overview of your vehicle. Enter all information and details about the vehicle’s condition and you will receive a commercial quote and a personal quote. You will receive a fair purchase and used price (if you buy a car).
Although they no longer sell physical books, Kelly Blue Book remains the gold standard for consumers who want to know the value of their cars.
Kelly Blue Book is not clear on their website about how they value vehicles. Their exact algorithm is proprietary, which means we can’t break it down. We understand data intelligence and use predictive analytics and field analysis to estimate your car’s value. According to their website, they use over 250 data sources to create their reviews.
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We know that Kelly Blue Book uses a variety of systems to generate ratings, including make, model, mileage, and condition. They also consider transmission types, engine sizes, and custom options that can increase the value of the vehicle. Of course, you can bet that depreciation also counts.
Generally, the Kelly Blue Book value gives people a rough idea of what their car is worth. When you go to the dealership, the used car manager probably won’t accept your Kelly Blue Book report.
Why is this? Because people overestimate the condition of their car when they use Kelly Blue Book tools. A small dent may not make sense for you to mention, but an appraiser will definitely notice it. Car dealers must first consider how much work is required to repair the car before it goes on sale. Generally, it costs around $2,000.
The Kelly Blue Book is a reliable tool for consumers, but retailers don’t care what it says. They will use other tools like Black Book and vAuto to determine what you can offer in your trade.
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So when it comes to dealerships alone, Kelly doesn’t consider the Blue Book value right. When it comes to personal selling, a Kelly Blue Book rating can be very valuable. Both personal sellers and buyers often use it to approach the store.
If you want to sell your car privately, you should use Kelly Blue Book. The person you’re selling to has already done an appraisal, so you can use those appraisals as a starting point for your negotiations.
Finally, the Kelly Blue Book is the premier tool for car dealers. They do their best to price their cars, but their source of income comes from selling your information to car dealers or driving your traffic to the dealer’s website.
While you may consider Kelly Blue Book to be the best arbiter of a car’s value, you’re better off getting Black Book or vAuto from a dealer. Keep the Kelly Blue Book in case you buy or sell a car yourself.
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Remember that black book estimates are open to members and car dealers may be willing to offer them.
Want to know how people figure out the value of a car? Read more about other review books here.
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