Most dealers do not use kbb for tradein wholesale values. Compare real, custom auto loan offers from up to 5 lenders in minutes. The black book value is used by auto dealers to determine how to price vehicles, while a kelley blue book value helps consumers estimate the value of their car. Data black book acquires their pricing data from wholesale auctions, and. In other words, when you bring a car to a dealer to trade in, the dealer. Analysed and set into a realworld context, black book valuations are trusted by the industry for their precision, validity and credibility. Welcome to canadian black book, the definitive source for unbiased vehicle pricing and valuations in canada for over 55 years. The final sales price depends on the car s actual condition and local market factors. From the online blue book data, the estimated trade in value will be pretty close to what the dealer should have paid for a car. Shoppers and sellers often refer to a car s blue book value without explaining which book they are referring to. Used car wholesale blue book and tradein value price. The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. Though variables like odometer readings, damage history and location can greatly influence the trade in value, the average is a good way to gauge roughly how much it will trade. Nada guides is the leader in accurate vehicle pricing and vehicle information.
Online companies such as ryde shopper and cars direct use current market values such as kelley blue book and black book to figure the value of cars. Black book used car values kelly black book nadaguides. Used car trade in value how a dealer figures trade values. You can visit these websites, find their trade in or used car.
Tradein prices are typically lower since the dealer. They will use a number of resources, namely kelley blue book and nada trade in value, but they mainly rely on their years of experience appraising cars. Black book values focuses on data points that can help lenders and dealers better identify vehicles with lower risks and higher potential profitability. The used car prices black book and blue book values serve different purposes. If you dont know how the industry appraises cars, you wont be able to effectively negotiate your current cars appraisal value. The value of your car will vary based on its year, make, model, features, how slow it depreciates and condition level. Schedule service appointment our service center service specials service center. Research the latest new car prices, deals, used car values, specs and more. The kelley blue book gets more traffic when it comes to being used by buyers.
Search from 24 rollsroyce cars for sale, including a certified 2018 rollsroyce phantom sedan, a certified 2018 rollsroyce wraith, and a certified. Data black book acquires their pricing data from wholesale auctions, and retail. It then determines used car values for specific situations, including a private sale value, a tradein value and a suggested retail value. We offer free price and valuation tools where new and used car shoppers can look up the. Car book value get the estimated book value of any car. Its intended to be the sale price of the car to the dealer, but you may also be able to negotiate other benefits too such as extra services or better lending rates if youre financing the new car. Access the same black book data dealers use to appraise vehicles, giving you the best estimated value for your trade in. With a black book auction value in hand, you can ask a dealer to try and obtain the vehicle you want at the auction.
The basic answer is that trade in value is actually the price a dealer pays for the same vehicle at any given moment in time at a dealer only car auction. Canadian black book provides free car values, new and used car prices, and vehicle listings. The dealer may provide you with a higher or lower appraisal based on the condition of the vehicle. Our values are the results of massive amounts of data, including actual sales transactions and auction. I would like more informationa quote for this vehicle. This is an as is value that does not include any warranties. The main difference between kelley blue book and nada trade in value is the data they use kelley blue book. Where you choose to sell it, will also affect its price. These values are calculated from the same black book data dealers use to appraise vehicles, giving you the best estimated value. Powered by canadian black book the industry leader in residual values for more than 55 years it takes just a minute to get the trade in value. Get a used car value range and average thats based on how much comparable vehicles have sold for in your area. Instead, many rely on national auto researchs black book or the manheim market report, neither of which is. The dealer calculates the price it wants to pay for a used car using the wholesale value numbers from the dealer version of the blue book. Both can be valuable sources of price data as you approach the bargaining table on your next used car.
Car dealers are experts when it comes to deciding a trade in price. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. Use the black book tool to trade in used car value online know your used car trade in value free instant online auto resale car value appraisal. After you get your kelley blue book tradein value, you can now start the tradein process right away. The difference between kelley blue book and nada tradein. Car prices and values for trucks and suvs black book values. How do i know if the dealer is offering fair value for my. Both books claim to be the more accurate source of used car pricing guides. Black book auto value as a thrifty car shopper, you may have heard dealers refer to a car s blue book value or learned of a reference guide called the black book as you hunted for used car deals.
Browse new inventory new vehicle specials new vehicle incentives value your trade get preapproved in mt ephraim, nj finance application shop. The best tool to determine your cars value car news. Trade in value based on the black book value of a subaru, this is the amount you can expect to receive for yoursubaru if you sell it to the dealer at the same time you are purchasing a new. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting. Dealership new scam, nadablue bookblack book value. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Book value get the book value of your car easily and free. By submitting my information, i request to be contacted by dealer and by fca us for these purposes, and i. When figuring the used car trade in value dealers rely mainly of two values, neither of which is the kelly trade in value. How to calculate the tradein value of your car in 2 minutes.
The trade in value of any car is the amount of monetary value that you are likely to be able to get if you sell it to a car dealer. Let kelley blue book help you negotiate the best price for your vehicle trade in, find a dealer that has the car you want, and start the trade in process. Getting a trade in estimate for your vehicle is as easy as 123. New car prices and used car book values nadaguides. Get used car values with edmunds car value appraisal tool. Using black book to appraise your used car knowing your tradeins value before you visit your new car dealer is essential. To use the book value calculator, simply follow the steps above to get the approximate book value of your car. Black book is an essential tool for our dealership. The tradein value is more closely aligned with the auction wholesale value, meaning what the car would sell for at an auction. Tradein value is the price a dealer would offer for a consumers vehicle to apply toward the purchase of another car in the dealers inventory. It will help you work out the approximate book value of your car easily and free.
We use black book online, a respected independent service, so you can be sure you get the fairest and most competitive price possible for the vehicle youre trading in whether youre from. See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019. Canadian black book is a service that allows drivers to learn the estimated value of their preowned vehicles aka their canadian black book value. Trade in value when you want to trade your car to a dealership.