The term “Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.
What is in the Blue Book?
What Is It? The Bluebook is the style manual that governs how American legal documents are cited in legal memoranda, court documents, and law journals. It is published by the editors of the law journals at Columbia University, Harvard University, the University of Pennsylvania, and Yale University.Dec 1, 2021
Which is better NADA or KBB?
Whereas KBB focuses on condition, mileage, popularity, and features, NADA places more importance on the car's wholesale price. Another difference is data gathering. Also, NADA lists relatively higher prices, with the assumption that all vehicles are in great condition.
Why is the KBB app not working?
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Is KBB a reliable source?
With over 90 years of experience, KBB is the most trusted source of vehicle pricing information. Also, TRED establishes trust with buyers by committing to a 150-point inspection to ensure the vehicle's condition. That's why, on TRED, you can expect to get 30% more than a dealer trade in and 12% more than on Craigslist.
What is the most accurate car valuation?
Kelley Blue Book
Which is more accurate KBB vs NADA?
Using NADA gives a good ballpark estimate of why the dealership prices cars the way it does, but KBB might give a better idea of how much the car is worth. If the dealership price matches the NADA price, look at the condition and cross-reference it with KBB. KBB will probably give a more accurate answer in both cases.
Why is KBB value so low?
Dealerships have high overhead and lending costs; this places consumers in a position to lose money. Dealerships have to make a profit, so you cannot expect to get a fair Kelley Blue Book price. Even if you do get a fair price on a trade in, you will lose that money on the other side of the deal.
Why won't KBB value my car?
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