If you have future plans to sell or buy a car, you need to learn how to calculate a second hand’s value. You would want to protect yourself from predatory sales and price manipulations so it would be best if you can do it on your own. For most car owners, the Kelley Blue Book is a little difficult to deal with when it comes to getting a reasonable price estimate for used cars; that is if you don’t know where to start.
It may prove to be a challenging ordeal at first but still, it is not an impossible feat to consider. You can still find and purchase a used car that is still in good condition by using the Kelley Blue Book. The Kelley Blue Book has all the information that you need whether you’re planning to purchase a brand-new or used car.
Steps on How To Check you Car Value With Kelley Blue Book Online
The Kelley Blue Book is the recognized leader in determining used car values. The online site is very easy to use.
- Go to the Kelley website.
- Input the requested data: Year, Make and Model
- Enter your zip code
- Select which type of value you’re looking for: Trade, Retail, Private Party
- Select the correct trim
- Select the correct transmission, enter the mileage and specify which options it has
- Select the vehicle’s condition
- View the selected value
This database also provides inside track information on how to properly negotiate with dealers of secondhand cars. But of course, the Kelley Blue Book is not the only reliable source for finding price estimates on cars. It can be a good platform to start, but you still need to do a little bit more research and your homework so you can get the best value for your money.
Try Taking Notes During Your Reasearch
So first things first, you may want to write down the price of the car that you’re planning to buy, and then consult with the Blue Book to verify the information. Other reliable online sources include Edmunds and AutoTraders.com. Expect different estimated values from these various sources, but that shouldn’t trouble you. They’ll serve as your guide in coming up with the right price anyway.
So when you have a good range of price estimates, you can then take your notes to the dealership, and when you negotiate, don’t forget to ask about them to your dealer. It is imperative that you do not quote or directly refer your estimated prices to the salesman. Because most of the time, these dealers would wave them off and tell you they’re inaccurate, so in the end, you will be left hanging with no leverage.
Try not to get too excited, don’t tell them the kind of car that you’re eyeing to buy right away the moment you walk into the showroom or lot. You could feign disinterest on the cars on display, especially when they’re referring to the other cars that are not in your line of interest. Politely decline price offers and stick to your choice. You can then point your car of interest to your dealer like it’s an afterthought, a spur-of-the-moment decision. Now it’s time to assess your chosen car.
Take some time to check out all its features. Some buyers would put up an act of disinterest in a car’s stereo or color, but they think the gas mileage is good. Your dealer would take the bait and then afterwards, you could give a small estimated price to start the negotiation with. Keep your offered price close to your researched estimates; try to not go too low on your offer. Otherwise, your dealer would think that you’re not seriously buying a car. Expect a counter offer from your dealer once you make your own offer, so try to adjust your price negotiations until you both come up with the same price that you would want to pay for the car.
Frequently Asked Questions for Used Cars, Plus Kelley Blue Book Values
- What is the Kelley Blue Book for? This book started its humble beginnings in the 1920s. It was created by a freelance salesman who disposes used cars. He formulated the Kelley Blue Book in order to help everyday buyers and neophyte sellers to come up with a reasonable resale price for a used vehicle. The very first edition was published in 1993, but today, one can get their hands on the KBB online. The book indicates values, price estimates, and trending car models and it has been used as a guide for coming up with a good price estimate for a certain vehicle.
- How does the KBB determine car value? The car in question holds information such as mileage, present condition, model, make, and year. Each car also has a specific geographic location; the Kelley Blue Book serves as a benchmarking medium to obtain leverage between buyers and sellers.
- How can I determine my car’s value? Log on to the Kelley Blue Book website for an easy, fuss-free price determination. Go to kbb.com for more details. You can also check out the NADA Appraisal Guide aside from the KBB. This is another extensive and informative source for determining your car’s value.
- Is the Blue Book required for determining the value of a car? KBB is known as the gold standard for getting a reasonable price estimate for a certain car. It is updated bi-monthly so you will have a good grasp of updated market trends when it comes to vehicle entrepreneurship.
- What if I get an offer of less or more than the car value found in the book? Bear in mind that the Kelley Blue Book only serves as a basic guide or benchmark. As a client, it is your responsibility to check the actual condition and body value of the car that you want. You may hire a mechanic to do the overall assessment for you if you think you can do it on your own. Make room for negotiation and assess the actual condition of the car. It would be best if you ask for a record of taxes, previous accidents if there are any, and the market for potential sellers or buyers.
- Can I get the same information for a new car? Yes. You can definitely get pertinent information regarding a brand new vehicle in the Kelley Blue Book. This is because buyers would also want to know how much purchasers pay for brand new cars.