Kelley Blue Book | New and Used Car Price Values, Expert Car Reviews (2024)

FAQs

How do you find out how much a car is really worth? ›

Simply enter your VIN or license plate into the Carfax History-Based Value look-up tool to get the Carfax Value on your car, truck or SUV. Our unique VIN-specific value report considers reported accidents or damage, number of owners and the car's service history.

For over 90 years, Kelley Blue Book has been The Trusted Resource for used car values, helping car owners understand what their used car is worth. Depending on the method of disposal, there actually may be more than one Blue Book Value for the consumer's car, truck or SUV.

“Very Good” condition means that the vehicle has minor cosmetic defects and is in excellent mechanical condition. This vehicle has had minor or no paint or bodywork, and requires minimal reconditioning. The engine compartment is clean and free of fluid leaks. This vehicle is free of rust.

KBB factors in the condition of the vehicle, local market conditions, and popularity of the vehicle, so their prices tend to be a lower than NADA. NADA values tend to lean higher because they assume cars are in good conditions.

Try sites such as What's It Worth to You, Value My Stuff, and Worth Point. If you're searching for the tax-deductible value of items that have been donated, you can use valuation sites, tax preparation companies (such as Turbo Tax) or the Salvation Army.

You can find the actual value of your car by going to a library or bookstore and referring to a Kelley Blue Book. Or, you can find similar vehicles that are being sold in your area (within 50 miles of your zip code) with local auto trade magazines, or online.

An HPI car valuation provides the most accurate and reliable car valuation available.

Many experts believe Edmunds' values are more accurate than KBB's. That's not always the case, of course, which is why getting several estimates and averaging still makes the most sense.

What car is the best value for money? ›

The Renault Clio is one of the best-value cars you can buy, because not only does it look smart, it has a massive boot for a car of this size. It also has a more upmarket interior than most alternatives at this price.

KBB's pricing structure tends to favors dealers, meaning listed retail prices can be higher than with other guides. Start with the listed retail price and bargain down. Ask for sources. Be aware that insider guides like Manheim or Black Book tend to show lower wholesale prices than KBB.

Kelley Blue Book is heavily used on the West Coast, Black Book in the Southeast, and NADA (now known as J.D.Power) is more widespread nationally due to its heavy dependency on financial institutions in regard to loan originations.

Fair Purchase Price is determined by collecting thousands of actual consumer vehicle purchase prices, plus data from national vehicle registration databases and several other reliable third-party sources. Kelley Blue Book's lead analysts and statisticians review and validate the data each week for reliability.

It's crucial to know how JD Power values affect your vehicle, boat, or RV financing. Banks, credit unions, and finance companies secure vehicle loans using the vehicle's worth. JD Power tells the bank the car's worth, which tells them how much they can loan and how much down payment you'll need.

Your car's ACV is calculated as the replacement cost minus depreciation, which factors in things like the vehicle's age, mileage, and wear and tear.

The accuracy of KBB values can vary depending on several factors, such as the condition of the vehicle, its location, and the current market demand for that particular make and model. KBB values are based on a number of factors, such as the car's make, model, year, mileage, condition, and features.

To use this formula: Estimate the salvage value of the vehicle, which is the amount you expect it to be worth at the end of its useful life, as well as the useful life of the vehicle in years. Subtract the salvage value from the purchase price. Divide the figure from Step 2 by the estimated useful life of the vehicle.

The definition of net worth is " the total wealth of an individual, company, or household, taking account of all financial assets and liabilities" Your car is an asset minus any loans (liabilities).