These days, more and more people buy and sell slightly used cars, if you’re one of those who are planning to get one for yourself; it’s imperative that you find the right market value for a car just before you strike a deal with a salesman. Most buyers and sellers rely on the Kelley Blue Book, the bible for reasonable car values, and thank goodness for the internet; you wouldn’t need to get a hard copy of the Book in order to get your numbers straight.
The Kelley Blue Book is currently available online, and free of charge. Aside from ease in finding values for used cars, the website also serves as a comprehensive database on finding a secondhand car to test drive, but you don’t have to go to such trouble as facing difficult dealers. All you have to do is log on to the Kelley Blue Book website and input the car year of the model of the car that you wish to buy.
The site may require additional information such as your zip code since car values depend on your geographical location or the area where it is readily available. Once you have your car model in mind, next thing you’ll do is to decide which value to use. There are three value types available in the Kelley Blue Book, the trade-in price, suggested retail price, and the private party value. First things first.
The trade-in value is usually utilized if you are a seller and you would want to sell your vehicle to a dealership. The suggested retail price is a suggested or trending market value; while the private party price is the value of a car when you buy it from a private individual. Your dealer would usually start the negotiation with the used car price. You should also know your vehicle.
You can get the best value for your money through the Kelley Blue Book if you know what your car has in store for you. The Book will require you to fill in fields with details and other information that it may need to find the right value of your car of choice. These details include knowing the number of engine cylinders, the type of transmission featured in the car, if it’s a 2-wheel or 4-wheel drive, and mileage. Take note of enhancements or added features as well. These fixed features include the car’s navigation system, tilt steering wheel, dual front air bags, alloy wheels, etc.
The more information that you give, the more accurate pricing you’ll get out of your car. As a buyer or seller who plans to strike a deal, you will also have to compare pricing. The Kelley Blue Book provides suggested retail values for a start, but don’t forget to check trade in and private party values as well. You should take note of the three pricing categories in order for you to properly weigh choices. Aside from the Kelley Blue Book, you can also search prices on local car listings.
Compare these prices with the Kelley Blue Book website for an even extensive set of price options. Then there’s the CARFAX report, get a copy and review it. You see, a great percentage of cars available in the Kelley Blue Book website has free CARFAX reports in a condensed, easy-to-use version.
If you’re keen on buying a car, you will have to print and review the corresponding report before you schedule the car out for a test drive. You can choose two or three vehicles of your choice and print their reports. That way you’d save time and not go through the same process again if you find out that your first choice is already sold.