Subsequently, the dealer can choose to put the car on the market for more or less than the suggested MSRP depending on local market factors. Ultimately, the manufacturer determines one of these, which is the manufacturer suggested retail price or MSRP.

The company also provides three different types of values for new vehicles. Retail Valueįinally, the Kelley Blue Book value of your car provides a retail value which is the estimated price you can expect to pay if purchasing from a dealership. The private party value helps to give you a sense of what you can expect to pay a third party if you're purchasing a vehicle from a private individual. This is the amount of money they believe you should expect to receive for a fair trade into a dealership. Trade-in Valueįirst, the Kelley Blue Book value of your car provides information about trade-in value. The updates include new numbers for three different valuations for car blue book value. The Kelley Blue Book value of your car is updated once per year. You can find a Kelley Blue Book value of your car for other motorized vehicles including snowmobiles, motorcycles, and boats. The Kelley valuators help to list the value of both new and old vehicles as a calculator for old car value. Information in the blue book informs manufacturers, dealers, consumers, and trade enthusiasts. It exists as an independent industry standard for blue book value car or car value estimates. The standard goes back decades all the way to the 1920s. This party is known as Kelley Blue Book for car value estimates. Kelley Blue Book value is to determine a standard value of the car by an independent third party as a calculator for old car value or car value estimate. In this article, we will walk you through everything you need to know about using a car value calculator and getting a sense of a fair price for you to pay. If you're planning for the purchase of a new vehicle and want to know what is a fair price in terms of the blue book value of your car, look no further. This is known as the Kelley Blue Book car value.

In most cases, the negotiations begin by using an objective third-party standard for car value estimate. The seller may be a private individual or a representative from a dealership. Did you know that the top-selling vehicles over the last few years have all been pickup trucks? The Ford F-Series, Chevy Silverado, and Ram Pickup lines have all sold over 500,000 models every year in recent history.Įvery time one of these vehicles is sold, a buyer has to decide how they want to begin their negotiation with the seller.

Kelly black book used car value