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Kellys Blue Book – What is it and Why Use It?
Are you in the market to buy a car, sell or trade in your old one? Cars are more than everyday staples to take you places when you want and where you want; they can also serve as long-term investments when you decide to resell them. If you want to get the best value for your money, a good reference and one of the recognized authorities on car prices is Kellys Blue Book.
Kellys Blue Book is a must for anyone thinking of buying, selling or trading a car. As a portable guide, KBB provides unbiased and reliable blue book car value and has automotive value appraisal guides for all types of motor vehicles in the United States: Kellys Blue Book for Cars, KBB Motorcycle, RV Blue Book for Campers and engine homes, as well as Kellys Blue Book for boats, and even ATV Blue Book and Mobile Homes Blue Book values, both used and new, including one for classic cars, for vehicles dating back to the 1940s. Since first published in 1926 as a list of used cars the author wanted to buy and how much he was willing to pay for them, Kellys has evolved into a glorified status akin to an auto industry bible, a national standard car price information. guide for both traders and buyers.
Aimed at meeting the requirements of its users, KBB now has several print versions. The most widely used include the KBB Auto Market Report – The Official Blue Book Guide to Cars Used by Auto Dealers, Financial Institutions and Others in the Industry, and since 1993 available at nearly every US bookstore for buyers is their new car and used Car Guide: Consumer Edition. The Kellys Auto Market Report version is intended to help people in the commercial sector competitively price their vehicles for sale, while the consumer car version of Kellys Blue Book is aimed at helping you buy a new or used car from a dealer or a private party, trade. in your car to a dealer or sell your used car to a private person.
Additionally, KBB’s price reports for new and used cars have been available on the Internet since 1995. Additionally, Kellys Auction, Kellys Trade-in, Wholesale Lending and Retail values (covering 1989-2008 models) are now updated weekly and distributed online.
If you’re curious about what you can expect from Kellys New Car Guide, here’s what’s in it: Manufacturer’s Suggested Retail Price (MRSP), Dealer Invoice Prices (price the manufacturer charges the dealer for the car) , all additional costs that may be involved, such as shipping, price of optional equipment (optional sunroof, DVD, etc.) and new car value on vehicles for the current model year. New car values are collected from thousands of dealer transactions across the United States and the Blue Book for Cars reflects the actual average selling price that people pay when they buy their cars from new car dealers.
If you are interested in used cars, Kellys Used Car Guide is considered the number one choice for consumers. It provides invaluable Blue Book information for cars manufactured within the last 15 years, an important requirement for any vehicle value pricing guide as more than 60 percent of vehicles on the road are 12 years or older, according to the Association National Association of Automobile Dealers.
What you’ll find inside are private car price values (the updated price you could expect to get for a car if you sold it personally to a buyer), trade-in values and suggested retail values (including the cost of dealer). for any repairs and dealer overhead such as paying salespeople, paying for advertising and keeping cars in inventory) on over 10,000 used car models.
For Kellys Blue Book car prices on used cars and trucks, many of which are sold privately, it would be nearly impossible to obtain actual sales prices, so KBB assesses the value of a used car by collecting information on the car’s price when be young calculating its depreciation value based on the previous models, the quality of the car and the number of cars on the used vehicle market. You can calculate the expected price of your car using Kellys charts and tables that help determine the overall value of your car, based on the condition of the car (excellent to poor), the vehicle’s mileage, optional components such as built-in equipment , and the geographic area where the car was.
Remaining the blue book value standard for cars, Kellys Blue Book manufacturers continue to apply their 75 years of vehicle appraisal experience to provide an invaluable service to dealers and buyers alike. The Kellys Blue Book is a great starting point to get the best value for your car.
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