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How do I get the book value of my car? There are several ways to
determine the book value of your car before selling or trading it for a
new set of wheels. To find the value of your car use the following
resources, the Kelley Blue Book, the NADA (National Automobile Dealers
Association) Guides and the Black Book.
It may be a good idea for you to check all of these sources before selling your car. The majority of dealers are using the NADA guides to determine the value of your used car. However, by using all three sources and averaging them out, you will get a good idea as to the value of your vehicle.
You can go online and go to KBB.com for the Kelley Blue Book value, NADA Guides are at nadaguides.com and go to blackbookusa.com for the Black Book value. When determining the book value of your car, these are the most trusted resources.
Les Kelley, a used car dealer, who developed a large list of car values and prices for his personal business started the Kelley Blue Book in 1926. Kelley's book soon became the standard in the automotive industry.
The NADA Guides have been around since 1933 offering a guide to car dealers to determine the value of used cars. The NADA guides provide vehicle information to the majority of credit unions, banks, dealers, fleet and lease organization, government agencies, insurance companies and financial institutions.
Three businessmen created the Black Book after attending many car auctions and wanted a more accurate system for determining car values. They discovered this was valuable information to pass on to car shoppers.
These sites are quite easy to use and will actually walk you through the process. The computer is going to ask the year, the make and the model for which you are searching.
The next thing you will want to do is to put your zip code in. All book values are tracked according to the area you live in. These values will differ from area to area because a car that originated from Florida will have a different value than a car in small town in Minnesota.
The next thing will be to decide which value best suits your purposes. There are three to choose from:
First: The private party value, which will be used if a private seller, is selling the vehicle.
Second: The trade-in value which is most likely a little less than the private party because this is the price a dealership is going to give you should you trade in your vehicle there.
Third: There is the suggested retail value that represents the price a dealership may get for the car selling it off the lot.
Decide which one fits your needs the best and choose that selection on each of the websites.
Next will be information regarding the engine. Select the type of transmission and the size of the motor. If you are unsure of this, pull out the owner's manual, this information will be in there.
Next step will be to enter the cars mileage. The odometer has a large effect on the value of the car; above normal mileage will surely decrease its value.
The next choices are going to be the extras that the car has. This will be things like sunroof, alloy wheels, electric windows and doors, and the stereo equipment.
And finally, it will be up to you to assess the condition of the car. This is an area where you may want to be as objective as possible. The scale will be Excellent, Good, Fair or Poor.
By following these steps, you will be able to determine the book value of your car and feel confident that you know the cars true value when you go to trade your car in or sell it.
It may be a good idea for you to check all of these sources before selling your car. The majority of dealers are using the NADA guides to determine the value of your used car. However, by using all three sources and averaging them out, you will get a good idea as to the value of your vehicle.
You can go online and go to KBB.com for the Kelley Blue Book value, NADA Guides are at nadaguides.com and go to blackbookusa.com for the Black Book value. When determining the book value of your car, these are the most trusted resources.
Les Kelley, a used car dealer, who developed a large list of car values and prices for his personal business started the Kelley Blue Book in 1926. Kelley's book soon became the standard in the automotive industry.
The NADA Guides have been around since 1933 offering a guide to car dealers to determine the value of used cars. The NADA guides provide vehicle information to the majority of credit unions, banks, dealers, fleet and lease organization, government agencies, insurance companies and financial institutions.
Three businessmen created the Black Book after attending many car auctions and wanted a more accurate system for determining car values. They discovered this was valuable information to pass on to car shoppers.
These sites are quite easy to use and will actually walk you through the process. The computer is going to ask the year, the make and the model for which you are searching.
The next thing you will want to do is to put your zip code in. All book values are tracked according to the area you live in. These values will differ from area to area because a car that originated from Florida will have a different value than a car in small town in Minnesota.
The next thing will be to decide which value best suits your purposes. There are three to choose from:
First: The private party value, which will be used if a private seller, is selling the vehicle.
Second: The trade-in value which is most likely a little less than the private party because this is the price a dealership is going to give you should you trade in your vehicle there.
Third: There is the suggested retail value that represents the price a dealership may get for the car selling it off the lot.
Decide which one fits your needs the best and choose that selection on each of the websites.
Next will be information regarding the engine. Select the type of transmission and the size of the motor. If you are unsure of this, pull out the owner's manual, this information will be in there.
Next step will be to enter the cars mileage. The odometer has a large effect on the value of the car; above normal mileage will surely decrease its value.
The next choices are going to be the extras that the car has. This will be things like sunroof, alloy wheels, electric windows and doors, and the stereo equipment.
And finally, it will be up to you to assess the condition of the car. This is an area where you may want to be as objective as possible. The scale will be Excellent, Good, Fair or Poor.
By following these steps, you will be able to determine the book value of your car and feel confident that you know the cars true value when you go to trade your car in or sell it.
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