Blue book value of used cars and trucks
We Offer Kelley Blue Book (KBB) Used Car Valuation | PA Auto SalesSome forums can only be seen by registered members. Originally Posted by Happs. How common is it for people to pay over Blue Book value for a car sold by a private party? Are people really paying those premiums in this high priced used car market and is it financially wise to do so on a low mileage vehicle? Here is an example of over book pricing. It is important to remember that there is also a variable based on what the buyer intends to do with the car.
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When you buy a new car , the trade-in value of your old vehicle can figure heavily into your payment plan and sale price as well as the deals and incentives you get on the new one. How does the dealer figure out that value? Like the KBB, the Black Book values on used cars and trucks based on their age, make, model, and condition, and it uses common terminology like clean, extra clean, average, and rough to describe the vehicle. The Black Book has been around for a long time—in fact, it was first established in the mids by three businessmen in Georgia who realized that auto auctions could be used as a solid benchmark for what people were willing to pay for cars. By keeping track of auction data, they were able to make solid decisions in their buying and selling.