Determining Vehicle Values With Kelley Blue Book
Many people today use Kelley Blue Book in order to determine vehicle values. It is the top source in determining market value of a vehicle and is used by not only the general population, but also by professional lending institutions when deciding on giving loans to people for new and used vehicles.
Kelley Blue Book offers various pricing information for all types of vehicles such as new and used cars, older classic style cars, recreational vehicles, and motorcycles. Pricing information is available when giving the make, model, and year of a car. This information includes MSRP (Manufacturer’s Suggested Retail Price), dealer cost, any extra costs involved with transactions (such as car shipment), and pricing schedules for a variety of options selected by the buyer.
Retail value, trade-in value, and private party value are the three types of values for motor vehicles. Retail value is the price of a vehicle that the dealer asks for. Trade-in value corresponds to the price that an owner will receive from a dealership when a car is traded in. Private party value is the price that is settled upon between a private buyer and seller.
Kelley Blue Book consists of tables and charts that determine the value of a vehicle based upon the mileage, condition of the vehicle, and certain equipment and components of the vehicle. A description of how these things affect the value of the car is also included in the guide.
The Kelley Blue Book website has become a widely popular and widely used site on the Internet. The information is available for free on the site for everybody to use and search.
When you are looking to buy, sell, or trade your vehicle, Kelley Blue Book is the place to go to look at vehicle value in the market. No matter what kind of car you are looking to get, it is always smart to protect your investment with an auto warranty.