What is the Blue Book value of used cars?
Where or how can you find the Blue Book value?
The Kelley Blue Book, is considered as a car industry bible, and is responsible for the term ‘Blue Book.’ It is the principal guide and resource for determining the appraisal loan value of used cars. This source has been providing information now for over 75 years.
The N.A.D.A. Appraisal Guide, established way back in 1933, is another excellent and helpful Blue Book guide that provides automotive car buyers to review any used car’s trade-in worth.
How exactly then does the ‘Blue Book’ determine the market-value of a used car?
How you can determine how much you want to pay when buying a used car?
How does these Blue Books determine the final value of a used car?
These used car market values are determined by an industry standard and respectable editorial process. The process begins with a complete analysis of the collected data which includes: current local and national economic conditions, historic trends, seasonality, location of vehicle and industry developments. The final market value of any used car reflects the most current representation of the ever changing automotive marketplace.
So be a smart used-car buyer and avoid bad deals or investments, when buying or selling. Check with the Blue Book or the following site to find helpful guidelines in your used-car transaction.