Planning to sell your used car to a dealer? If so, you need to familiarize yourself with the process of determining the cars worth and value. Otherwise, you’re subjecting yourself to being potentially scammed by those who are experts at purchasing used cars. What you need to know is the blue book value.
In the car buying business, the blue book value is a jargon term which means the worth of the car and what dealers are usually willing to pay for it. You can find it by consulting one of several different resources. Often times people will use the Kelley blue book — hence the name blue book value. Also, you can consult with the NADA appraisal guides.
Car dealers and individual selling used cars have been using the Kelley blue book for over 75 years now to help them determine the worth of their vehicle.
It works like this — the blue book will calculate your car’s value based on certain specifications, such as the make and model and the year of the car. You can also use the book to adjust for factors such as the condition of the car, the mileage on the car, as well as other things.
You can check the blue book for free by visiting the proper websites, or going to the library. These books will also make available worksheets for you to help calculate the value of your used car. By being aware of how much your car is worth, you will be in a better position to negotiate when trying to sell it to a dealer.
In addition, being able to speculate accurately on the value of the car will help you plan on what type of car you will purchase to replace it. You’ll know what your budget is based on the money you will get from selling your old car.