Kellys Blue Book – What is it and why use it?

Are you in the market to buy a car, sell or trade in your old one? Cars are more than everyday essentials to take you anywhere whenever and wherever you want; They can also serve as long-term investments when you decide to resell them. If you want to get the best value for your money, a good reference and one of the recognized authorities on car prices is Kellys Blue Book.

Kellys Blue Book is a must for anyone thinking of buying, selling or trading in a car. As a portable guide, KBB offers an unbiased and trusted blue book on car value, and has automotive value appraisal guides for all types of motor vehicles in the United States: Kellys Blue Book for Cars, KBB Motorcycles, RV Blue Book for motorhomes and motorhomes. houses, as well as Kellys Blue Book for boats, and even ATV Blue Book and Mobile Homes Blue Book values, both used and new, even one for classic cars, for vehicles dating back to the 1940s. Since its first publication in 1926 as a list of used cars the author wanted to buy and how much he was willing to pay for them, Kellys has since evolved to a glorified bible-like status of the auto industry, a standard information on car prices to Nacional level. guide for dealers and buyers.

In order to meet the requirements of its users, KBB now has several print versions. Most widely used include the KBB Car Market Report – Official Guide to the Blue Book of Cars Used by Car Dealers, Financial Institutions, and Others in the Trade, and since 1993 available in nearly every American buyer’s bookstore is their New Car and Used. Car Guide: Consumer Edition. The Kellys Auto Market Report version aims to help people in the trade industry competitively price their vehicles for sale, while the Kellys Blue Book for Autos consumer version aims to help you buy a new car or used from a dealer or private party, trade in your car to a dealer, or sell your used car to a private party.

Additionally, KBB’s price reports for new and used cars have been available on the Internet since 1995. Additionally, Kellys Auction, Kellys Trade-in, Wholesale Lending, and Retail values ​​(covering model years 1989-2008) are now up to date. weekly and distributed online.

If you’re curious about what to expect from Kelly’s New Car Guide, here’s what’s in it: Manufacturer’s Suggested Retail Price (MRSP), Dealer Invoice Prices (price the manufacturer charges the dealer for the car), any additional costs that may be involved, such as shipping, the price of optional equipment (optional sunroof, DVD, etc.), and the value of the new car in vehicles for the current model year. New car values ​​are compiled from thousands of dealer transactions across the United States and the Blue Book for Cars reflects the actual average selling price people pay when they buy their cars from new car dealers.

If you are interested in used cars, Kellys Used Car Guide is considered the number one choice for consumers. It provides invaluable blue book information for cars made in the last 15 years, an important requirement for any car value pricing guide, as more than 60 percent of the vehicles on the road are 12 years or older, according to the National Car Dealers. Association.

What you’ll find inside are private car value prices (updated price you might expect to get for a car if you were personally selling it to a buyer), trade-in values, and suggested retail values ​​(including the dealer’s cost for any repairs). and general dealer expenses, such as paying salespeople, paying for advertising, and keeping cars in inventory) on more than 10,000 used car models.

For Kellys Blue Book car prices on used cars and trucks, many of which are sold privately, it would be almost impossible to get actual sales prices, so KBB assesses the value of a used car by collecting information about the price of the used car. car when it was new and then calculate its depreciation value based on previous model years, the quality of the car, and the number of cars on the used car market. In fact, you can calculate the expected price of your car using Kelly’s charts and tables that help determine the total value of your car, based on the car’s condition (excellent to poor), vehicle mileage, components optional as the equipment incorporated, and the geographical area where the car has been.

Upholding the standard blue book value of automobiles, the makers of Kellys Blue Book continue to apply their 75 years of automobile appraisal experience to provide an invaluable service to car dealers and buyers alike. The Kellys Blue Book is a great starting point for getting the best value for your car.

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Category: Real Estate