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Is a used car supposed to be priced at Blue Book value? If not, how is it priced?

12 Comments »

1. 

   Depends on what kind of vehicle it is and how well it was taken care of. Was it wrecked, washed away by a flood, tended like a newborn baby? Was the oil changed regularly, tires kept properly inflated and balanced, washed regularly?
   Depends.

   Comment by Alema Pequoia — June 8, 2011 @ 1:52 pm

2. 

   are you talking about buying a car from a dealer or from a person from craigslist or side of the road…because kbb.com has the two different prices that you should expect to pay whether you buy from a dealer or a private party

   Comment by scullz — June 8, 2011 @ 1:52 pm

3. 

   It’s worth as much as someone is willing to pay for it. Use the book as a guide only. Don’t appear too keen or fall for ‘sales banter’ you probably get the most if you use it as part-ex or a deposit

   Comment by Munch — June 8, 2011 @ 1:52 pm

4. 

   scrappage..

   Comment by WHO am i? — June 8, 2011 @ 1:52 pm

5. 

   Cars are priced based on what the seller wants.

   No seller is required to price any car according to any "book".

   Comment by N — June 8, 2011 @ 1:52 pm

6. 

   blue book value. it has categories for excellent, good, fair, and poor, depending on the quality of your car. in the back of the book there’s a guide on how to determine that too.

   i usually do it online because it adjusts the value by zip code (location matters)

   Comment by Eric F — June 8, 2011 @ 1:52 pm

7. 

   Estimating used car values is sometimes confusing to consumers. But help is just a click away with three major sites for used car valuation: Kelley Blue Book (KBB), Edmunds, and NADA Guides. If you’re contemplating buying or selling a used vehicle, it’s best to visit all three sites, print out your details, and go from there. But how does each work to provide estimates of the value of vehicles? Here’s a comparison. Kelley Blue Book (KBB), with 100 years in the vehicle appraisal business, generally provides the highest, best-case scenario. In other words, their used car trade-in values are usually the highest. Their used vehicle valuation utilizes actual auction values or a combination of auction values and formulas. KBB bases its retail value on new car prices and takes market, depreciation, and cost to repair and dealer overhead into consideration. For private party sales, the method is the same as for retail but minus overhead, repairs and profit margin. Used car estimates are reported as trade-in, private party and suggested retail…for more info go to http://blog.iseecars.com/2009/04/26/how-to-estimate-used-car-values/

   Comment by phunt — June 8, 2011 @ 1:52 pm

8. 

   look on nada

   Comment by Scott W — June 8, 2011 @ 1:52 pm

9. 

   yea it should be priced around its bluebook value unless it has a salvaged title then it should to be cheaper

   Comment by porn4life — June 8, 2011 @ 1:52 pm

10. 

    is the seller…cars can be modified…

    Comment by Mr.LaRAZa — June 8, 2011 @ 1:52 pm

11. 

    Alot of cars are worth alot more than the blue book values. A better way to judge a used car value is to see what there selling for in the papers, Kijiji, Craiglist…anywhere that private sellers advertise. I sell alot of cars and this is how I usually gauge my selling price ")

    Comment by Serial Stunter — June 8, 2011 @ 1:52 pm

12. 

    well, blue book value in my opinion doesn’t work but find out what the blue book value is. Ya see, B.B.V. is if the car is in great shape meaning not in an accident all paint is in good to fair condition when they say that they mean (Regular wear and tear). Engine is up and running and the trans is good. What I would do is this, get the worth and bring it to a couple garage’s and ask them to look at your car and have them tell you what it’s worth, just make sure you trust this mechanic, they very sneaky. Good Luck

    Comment by phd rossi — June 8, 2011 @ 1:52 pm

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