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The Blue Book’s origins lie in the Kelley Kar Company of Los Angeles, a used car dealership founded by Bob’s uncle, Les Kelley, in 1918 with a few Model T Fords.
Kelley Blue Book, Edmunds and NADA are all great tools to determine your car value. The best tool is a personal decision and depends on what you are trying to accomplish by valuing your vehicle.
The first step in finding out the exact value of your car is to evaluate it objectively. According to Kelly Blue Book, owners overvalue their vehicles when setting an asking price. Note features ...
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [22] [23] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars.
Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices," "certified" used cars, and extended service plans or warranties.
The Kelley Blue Book automatically rates any salvage vehicle as "poor" and does not value it at all. The value of a vehicle with a salvage title is generally 65-75% lower than the vehicle's estimated value. If the vehicle is rebuilt to a road worthy condition and has passed State inspection, the difference in price is 60-70% of "fair" KBB.
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