#book value of cars
Kelley Blue Book Value Information
KBB.com – This is the book most people go for when they want to learn a vehicle’s market value, both financed and cash.
WHAT EXACTLY IS A BOOK VALUE?
It’s the vehicle’s present value, which is the cost minus the accrued devaluation (devaluation meaning the drop in a vehicle’s useful life because of its use. Companies will use the book value to come up with a price that recovers the cost of the vehicle.
Many people who shop on the Internet for their vehicles feel they are better deals to be had. For the most part, they are right. It’s much easier to apply and get an auto loan through the Internet. However, reality in this thinking is that Internet vehicle shoppers can get lots of information about the vehicle blue book values and hard to find invoice prices from years before. Oftentimes, these shoppers can get a better deal because of the knowledge they possess especially when they’re trying to get an auto loan.
It doesn’t have to be a stressful time – buying a vehicle. All you need to do is some your research and go to the dealership prepared to make the whole experience much better for you. When you do this, you save yourself a lot of time and grief. Plus, most dealers who have been in business for many years will know when someone is telling them the truth about knowing a vehicle’s book value. +
You might be wondering which book you need to look at when determining what a vehicle’s actual value is. Well, the best idea is to use both. The KBB book will list vehicle’s makes and models a little higher than what you see in the NADA book. So, using both means you can get a less biased and better feeling for the present market trends.
It’s important to note that the book value is only a tool to determine what your present vehicle’s value is. It’s not set completely in stone. Your car is only worth what somebody wants to pay for it right now or how much you want to finance the vehicle for. Both books are just guidelines to help you accurately figure out the price of your vehicle; it doesn’t matter what kind of vehicle it is.