One of the oldest vehicle value guides out there, NADA, or National Automotive Dealer Association, was originally designed for just the dealer members of the trade group. We'll look at how peope rate the condition of their car a little later on in here. This can allow consumers to be even more accurate when rating the condition of their vehicle, or can create more confusion or indecisiveness by adding more choices for someone to choose from. Edmunds receives industry information similar to KBB to evaluate vehicles, but Edmunds offers an extra category for rating your vehicles condition when compared to KBB, they offer 5 categories instead of 4. There are experts, with years of automotive experience, that agree that Edmunds is the most accurate when it comes to valuing a vehicle. EdmundsĮ is another trusted tool like Kelley Blue Book. The algorithm KBB uses takes the pricing information along with, trends, the current economic situation, time of year, and where you are located at to give you the estimate you see after entering your vehicles information. They get prices from auctions, dealers, manufacturers, and private party transactions that all go into their algorithm for determining your car's value. KBB receives information from all over the world to help value used cars. The website receives millions of visits a month, and the majority of them are to get an estimate on the value of a vehicle. Kelley Blue Book, or maybe better known as KBB, is one of the most used appraisal tools out there. Let's take a look at what some of these tools use to come up with the value of your car and what makes them different from a dealer. You would think that all these tools would give the same value since they do the same thing but what you will come to find is that they are all different, and all different from what you can expect if you trade your car in on a vehicle purchase. You have Kelley Blue Book, Edmunds, Black Book, NADA, and so on when it comes to evaluating the value of your current vehicle. But Edmunds offers successful services that compete directly with what Kelley Blue Book provides, so we suggest saving yourself a few clicks and letting us help you find your perfect next car.With all the information available to consumers today it is still difficult to determine the value of your car. Ultimately, Kelley Blue Book is a good resource to use when trying to determine your vehicle's value or when shopping for a new car or used car.
#BLACK BOOK VALUE OF MY CAR FREE#
One major advantage of the Edmunds program is that you won't be contacted by numerous dealerships and are free to redeem your offer within seven days.
If you're looking to sell your pre-owned car, Kelley Blue Book offers a service much like Edmunds' popular instant offer program. Good, or perhaps Very Good, would be a better starting point for the condition of your used car. Many people tend to overinflate their car's value and label it "excellent" when, according to Kelley Blue Book, only 3% of vehicles fit that description. When determining the value of your used car, Kelley Blue Book will give you a price based on four condition levels: Fair, Good, Very Good and Excellent. If you're selling your vehicle, you can use the values to check what its trade-in value is.
If you're a new- or used-car buyer, you can use the Edmunds or Kelley Blue Book car price to help determine a fair market range to pay at the dealer. The market value can be used in a number of buying and selling scenarios. When a car buyer asks for the "Blue Book price," what they actually mean is that they're looking for an accurate car value in the current market. Here on Edmunds, we have similar pricing data on cars and much more. In 2010, Kelley Blue Book was acquired by Autotrader, and the brands now are closely interconnected under the Cox Automotive umbrella.īut Kelley Blue Book isn't the only place to find car prices these days. Kelley Blue Book's car prices were so commonly used by dealerships that the term "Blue Book" became a part of dealership lingo, and many car shoppers eventually adopted it as well. The company dates back to the late 1920s, when it published an actual blue book that dealerships referenced to provide car values and pricing information. Kelley Blue Book, or KBB for short, is an automotive shopping website.
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