Used car black book vs blue

You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. The black book was established in 1955 by three businessmen in gainesville. Studies indicate that the kelley blue book provides lower pricing the black book car pricing. Both kelley blue book and black book gather data points from auctions, banks and leasing companies all over the country. Kelley blue book we use real values of local cars for sale by other franchised dealers to provide a more accurate instant market value estimate of your used car. Buying a second hand used car can save a lot of money over buying a new car, but is it worth it. The kelley blue book gets more traffic when it comes to being used by buyers. When buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. Used car values, price guide and tradein estimator. A used car purchase can be a great way to get a lot of bang for your buck on your.

Feb 28, 2020 when buying or selling a used car, many people rely on the kelley blue book kbb, which has been around for more than 90 years. Before you can access the library of car values, youll need to become a black book subscriber. Lincoln mazda mercedes mercury merkur mini mitsubishi nissan oldsmobile peugeot plymouth pontiac porsche renault. Nada guides often recognized as the premier publications in their industry, both guides can be counted on to provide unbiased facts and serve as an essential tool during the car buying process. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly. This valuewhich is based on sales data, auctions, brand equity, and the pricing of similar vehicles across canadais the most accurate estimate a consumer is likely to find. Whats my car worth used car trade in values and resale. Nadaguides has a classic car valuation search that can be quite useful in determining the value of your classic vehicle. Dealership new scam, nadablue bookblack book value. Black book used car values kelly black book nadaguides. When comparing the prices on the web compare to the kelley blue book, i noticed the prices rate are a few hundred dollars cheaper in the book then on the web for the same car. Black book is the canadian version and is what the.

The used car prices black book and blue book values serve different purposes. Acura alfa romeo amc audi bmw buick cadillac chevrolet chrysler daewoo daihatsu dodge eagle fiat. The black book, like kelley blue book, provides a value for different used car makes and models so car dealers will know how much a vehicle is worth. Get used car pricing and explore thousands of car listings at kelley blue book. What is the difference between kelley blue book and kelley. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a used car. Canadian black book provides free car values, new and used car prices, and vehicle listings. Car dealers use the kelley blue book to set their retail prices.

Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. For new car shoppers, the kelley blue book fair market range and fair purchase price go beyond widely available new car prices like msrp and dealer invoice to show you what you can expect to pay for a new car in your area this week. Kelley blue book both kelley blue book and black book gather thousands of data points from auctions, banks and leasing companies all over the country. Depending on how often you need to access the valuation information, you can. By selecting the make, year, and model of vehicle, and the optional equipment, a list of values is populated along with the original msrp, if available.

Both kelley blue book and black book gather thousands of data points from auctions, banks and leasing companies all over the country. The fair market range and fair purchase price are based on massive amounts of data, including actual. The blue book rates the condition of a used car as excellent, good, fair or poor, whereas the black book grades used car condition as clean, average or rough. Car book value get the estimated book value of any car in. Canadian wholesale used vehicle prices car blue book. Kelley blue book reports used car values for a variety of buying and selling transactions. What is the difference between black book value and kelly. A used car purchase can be a great way to get a lot of bang for your buck on. They are also lower than the edmunds price guide, and the nada.

Autotrader offers the most extensive car inventory near you, and the tools to help get you informed like the kelley blue book price advisor, vehicle car reports, and accelerate my deal to get you in your next car faster. Youll get full access to resources that can help you prepare for a private sale or a trip to the dealership, negotiate the best deal possible. We offer free price and valuation tools where new and used car shoppers can look up the. Find blue book values and fair market prices on used guns, computers, stereos and more with online price guides and the most accurate used equipment data online. When it comes to selling your car, you want the best price you can get, and studies have shown that black book car pricing, on average, are lower than the tradein amounts shown in either the kelley blue book or in the nada and edmunds listings. Estimates are available for used cars in extra clean, clean, average and rough conditions. The kelley blue book price is a trademarked car valuation from kbb.

Black book and kelley blue book are both usedcar pricing guides. When buying a used car, its usually hard to know what a fair price is. Since 1926, new and used car buyers and sellers have relied upon kelley blue book for authoritative and unbiased information to make wellinformed car, truck and suv buying decisions. This is because the black book receives prices for used vehicles based on 50 weekly auctions, where they calculate an average, and update that every week. Formally known as the kelley blue book, it was originally. Used equipment blue book values and online fair market.

Though seemingly similar, the black book and kelley blue book serve slightly different purposes. Used equipment blue book values and online fair market value. Acura alfa romeo amc audi bmw buick cadillac chevrolet. This is an as is value that does not include any warranties. Buying a second hand car is never easy, you never quite know what youre going to get until youre the owner. Ford geo gmc honda hummer hyundai infiniti isuzu jaguar jeep kia lada land rover lexus. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. Feb 20, 2020 blue book is a guidebook that compiles and quotes prices for new and used automobiles and other vehicles of all makes, models and types. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association.

Finding a used car on autotrader is the best way to start your next used car purchase. I use the kelley blue book and the black book for used car valuation. Get used car values with edmunds car value appraisal tool. The guide received a significant vote of trust during. Originally published as blue book of motor car values, the kelley blue book has been in use since 1926, when les kelley, a used car dealer, realized that his car valuation list which hed been using since the early 1920s provided a service to other car dealers.

Ford geo gmc honda hummer hyundai infiniti isuzu jaguar. How to find classic car blue book values it still runs. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. This service helps you attain and compare used car tradein values for vehicles up to 14 years old. Black book and kelley blue book are both used car pricing guides. Looking for the book value of a car in south africa. Edmunds also has a free car appraisal tool that helps you calculate what the retail price for. Kelley blue book divides the condition of used vehicles into four grades. You can determine the condition of a vehicle by taking a condition quiz found on the equipment selection page, or by comparing the car.

Both books claim to be the more accurate source of used car pricing guides. Tradein value when you want to trade your car to a dealership. Nadaguides national appraisal guides and kelley blue book both have a long history devoted to providing consumers and businesses with accurate vehicle pricing information. Proudly serving buyers and sellers of various vehicle types, both companies calculate and publish vehicle values based on proprietary methods.

The kelley blue book private party value is the starting point for negotiation of a usedcar sale between a private buyer and seller. Black book gets its prices for used cars based on the weekly amounts that cars sell for at wholesale. The final sales price depends on the cars actual condition and local market factors. Since 1926, kbb has been the go to pricing resource for buyers and sellers of new and used cars, trucks, and suvs, helping establish a starting point for negotiations. Source of data the black book claims that it visits 60 auctions nationwide every week to gather the most uptodate information on used car values.

While blue book and black book dont compete directly, blue book does compete with. Kbb is the wholesale valuations and average market valuations for the united states. To do this, you can call 800 3673759 or visit the black book website. At one time blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, er, all over the lot. Kelley blue book gives you everything you need to value your current car and find your next one. Future value of a vehicle to see how a car depreciates over time. In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources. Search for your next used car at, the site you trust the most.

Edmunds also has a free car appraisal tool that helps you calculate what the retail price for a used vehicle should be. Blue book truck pricing guide one of the most trusted sources in the industry is kelley blue book. There is such a thing as the canadian blue book, but it focuses on values for small motorized vehicles like snowmobiles and motorcycles. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. Black book updates its online information daily while kelley blue book or kbb, updates its information weekly traditionally dealers have relied upon black book for determining how much they should pay for. Their pricing and value data includes statistical analysis that allows for current and timesensitive changes in historical valuation to be easily understood resulting in reliable predictors of values and potential risks. However, the kelley blue book doesnt have a direct counterpart in canada. Many people use this term, along with black book or edmunds tmv. Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Car prices and values for trucks and suvs canadian black book. Kelley blue book values blue book values kbb vs nadaguides.