![]() Your car’s make and model can greatly impact its resale value. ![]() Remember that taking care of your vehicle now can pay off significantly when it comes time to sell! Utilizing online resources like Autotrader or Nada or Blue Book can help you determine your car valuation through their free online car value tool. Additionally, you can invest in minor cosmetic repairs like fixing dents or scratches to improve curb appeal. Tips for improving your car’s overall condition and increasing its value include regular maintenance such as oil changes, tire rotations, brake inspections, and replacing worn-out parts. Factors that detract from a vehicle’s condition include accidents, rust, mechanical problems, and significant wear and tear on the interior or exterior. A well-maintained car with low mileage will naturally fetch a higher price than one that has been poorly cared for and driven extensively. What constitutes excellent condition for a car? The condition of your vehicle is one of the most important factors in determining its value. It’s important to keep this in mind when determining how much you should ask for your used car when selling it privately or trading it in at a dealership. A vehicle with visible wear and tear or mechanical issues will typically have a lower resale value than one that has been well-maintained. However, using car valuation tools like Autotrader or Black Book can give you a better idea of how much your specific make and model is worth based on current market trends.Īnother factor that affects car value is its overall condition. As a general rule, the older and more miles a car has, the lower its value will be. The value of your car is primarily determined by its age and mileage. In this blog post, we’ll cover the factors that affect a car’s value, methods to determine its worth, and tips for getting the best possible price when selling privately. But Edmunds offers successful services that compete directly with what Kelley Blue Book provides, so we suggest saving yourself a few clicks and letting us help you find your perfect next car.Are you planning to sell your car but have no idea how much it’s worth? Pricing your vehicle correctly is crucial, as it can determine how long it takes to sell and the amount of cash you receive. ![]() Ultimately, Kelley Blue Book is a good resource to use when trying to determine your vehicle's value or when shopping for a new car or used car. One major advantage of the Edmunds program is that you won't be contacted by numerous dealerships and are free to redeem your offer within seven days. If you're looking to sell your pre-owned car, Kelley Blue Book offers a service much like Edmunds' popular instant offer program. Good, or perhaps Very Good, would be a better starting point for the condition of your used car. Many people tend to overinflate their car's value and label it "excellent" when, according to Kelley Blue Book, only 3% of vehicles fit that description. When determining the value of your used car, Kelley Blue Book will give you a price based on four condition levels: Fair, Good, Very Good and Excellent. If you're selling your vehicle, you can use the values to check what its trade-in value is. If you're a new- or used-car buyer, you can use the Edmunds or Kelley Blue Book car price to help determine a fair market range to pay at the dealer. The market value can be used in a number of buying and selling scenarios. When a car buyer asks for the "Blue Book price," what they actually mean is that they're looking for an accurate car value in the current market. Here on Edmunds, we have similar pricing data on cars and much more. ![]() In 2010, Kelley Blue Book was acquired by Autotrader, and the brands now are closely interconnected under the Cox Automotive umbrella.īut Kelley Blue Book isn't the only place to find car prices these days. Kelley Blue Book's car prices were so commonly used by dealerships that the term "Blue Book" became a part of dealership lingo, and many car shoppers eventually adopted it as well. The company dates back to the late 1920s, when it published an actual blue book that dealerships referenced to provide car values and pricing information. Kelley Blue Book, or KBB for short, is an automotive shopping website.
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