How To Use The Kelley Blue Book (KBB) To Find Values of Used Cars

Used Car Values

To make the most informed decision when buying or selling a vehicle, make sure to look into the Blue Book value of the vehicle. With the Blue Book value, you will have the current market value in your region and can even find ways to up your car’s worth to ensure you are working with the best price.

The first step in determining the Blue Book value of a car is to visit kbb.com. This is the website for Kelley Blue Book, which is the most widely used publication when buying or selling a vehicle. Prices are available for both new and used cars.

Search for the make and model of the car you are looking into or also the year of the vehicle. Oftentimes, the location of a car plays a huge factor in its value, so be sure to enter a zip code to get a price for your region. Vehicles located in the Western part of the country tend to be worth quite a bit more money.

After selecting the year/make/model of the vehicle, select “Go”. You will then be directed to choose between a trade-in, private, or retail value of the vehicle.

If you are needing to trade a car in, the trade-in value will be the amount that will be deducted from the price when buying a new car. A private sale value is what the car is priced at when selling without going through a dealership. The retail price is what the car would be valued at to sell at the dealership.

cost of used carThere will also be a section in which to choose the car’s trim which will display the cars typical equipment based on the make and model. The owner’s manual or title of the vehicle will have the trim information listed to help you select the proper choice. If you are unable to refer to the manual or title, simply use your best judgment when entering information.

Next you will identify the type of engine, drivetrain, and transmission of the vehicle. Again you can refer to the owner’s manual or title to complete this section.

Mileage is a major factor in the current value of a car, so be aware that a vehicle with higher mileage will be worth less. After entering the car’s mileage, choose the proper equipment. Since the standard equipment is already displayed, don’t forget to enter any special features or aftermarket additions.

You will need to rate the car’s condition as excellent, good, fair, or poor. A vehicle in excellent condition will appear new and not need any work done. The majority of cars will fall into the other three categories so be sure to rate them properly to find the most accurate Blue Book value. A “condition quiz” is provided to help you properly determine the condition of the vehicle.

After entering all the necessary information, select “continue” to display the blue book value of your car.

About the Kelley Blue Book Value on Used Cars

Oftentimes, buying a brand new car is not within everyone’s price range so looking into buying a used car seems to be the best option. However, sorting through all the information and feeling confident in getting the right price can be difficult. That is why having the Kelley price guides available makes things easier when gathering material and checking into car values. It helps consumers feel better about establishing fair purchase prices along with a fair price to buy a used car.

Dealer’s Guide

Kelley-Blue-BookKelley Blue Book has several price guides available, the most commonly used being the Kelley Blue Book Auto Market Report-Official Guide. This tends to be the guide that shoppers will be shown at dealerships when comparing the value of vehicles. Edmunds is a company that publishes auto-information and put out an article called “What is the Kelley Blue Book Price?” In this article, it is stated that an issue often experienced is that dealers show the retail price of a used car that is directly from their dealer’s copy. These prices are generally more than what is typical for people to pay for a used car.

A salesperson’s version of Kelley Blue Book are just an estimated amount on what the dealers’ price might be. Edmunds states that the retail price may be substantially different from the selling price. Be cautious that the dealer may display an inflated price to make his price be more desirable to you.

Estimate the selling value of a used car you are checking into buying to help back up your negotiating skills. A variety of car values can be found on multiple websites include Edmunds True Market Values. Edmunds claims that its prices are that which shoppers should know in order to barter a fair value. The best values per location can be found using the True Market Values tool on its website to aid in this.

Negotiating can be a painful experience, but if you have gathered the proper information it can go pretty smoothly. The Kelley Blue Book values in the dealers guide will often be shown to you in order to stop you from negotiating a lesser price. If you inform the dealer that you are aware that Kelley Blue Book does not list the actual selling prices, but the retail prices, you may have a fair shot at getting the price you deserve. Determine a decent price you would pay before showing up to buy the car and have a set amount that you would go beyond that number. This will keep you from walking into a deal that you cannot afford.

Leave a Reply

Your email address will not be published. Required fields are marked *

You Might Also Like