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 the best value for your money, a good reference and one of the recognized authorities on car pricing is Kellys Blue Book.

Kellys Blue Book is a must have for anyone thinking of buying, selling or trading in a car. As a portable guide, KBB offers an unbiased and trusted blue book value of automobiles, and has automotive value assessment guides for all types of motor vehicles in the United States: Kellys Blue Book for cars, KBB motorcycle, RV Blue Book for campers and motorhomes, as well as Kellys Blue Book for boats, and even ATV Blue Book and Mobile Homes Blue Book values, both used and new, including one for classic cars, for vehicles dating back to the 1940s. 0. From 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 into a glorified status akin to an auto industry bible, a nationally standard guide to car price information for dealers and buyers alike.

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

In addition, KBB’s price reports for new and used cars have been available on the internet since 1995. In addition, Kellys Auction, Kellys Trade-in, Wholesale Lending and Retail values ​​(covering model years 1989-2008) are now updated 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 (the 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 moonroof, DVD, etc.), and new car value on current model year vehicles. New car values ​​are compiled from thousands of dealer transactions across the United States, and the Auto Blue Book reflects the actual average sales 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. Provides invaluable blue book information for cars built within the last 15 years, an important requirement for any auto value price guide, since more than 60 percent of vehicles on the road are 12 years or older, according to the National Automobile Dealers Association.

What you’ll find inside is the value of private car prices (up-to-date price you might expect to get for a car if you personally sold it to a buyer), trade-in values, and suggested retail values ​​(including the dealer’s cost for any repairs and dealer overhead, like paying sellers, paying for advertising, and holding 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 nearly impossible to get actual sales prices, so KBB assesses the value of a used car by collecting information about the car’s price when it was new and then calculates its depreciation value based on previous model years, car quality, and the number of cars on the used car market. In fact, you can calculate your car’s expected price using Kelly’s charts and tables that help determine your car’s total value, based on the car’s condition (excellent to poor), vehicle mileage, optional components like built-in equipment, and the geographic area where the car has been.

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

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