During the trade-in process, dealerships in Omaha and beyond determine a model’s worth before making an offer. But how exactly do they estimate a car’s value? They will either use Kelley Blue Book or Black Book values to help gauge the demand of a particular model in the area. If you want to learn the difference between these two methods, read the following guide from Sid Dillon Nissan.
Trade-in valuation provided by Kelley Blue Book is commonly referred to as simply “Blue Book” trade-in valuation. It’s used by many car dealers because it is free and requires no monthly payment. It ranks cars into four main categories: excellent, good, fair, and poor. That having been said, Blue Book valuation sometimes is on the higher end of what’s considered normal or fair, especially when buying a new vehicle. Accordingly, if you’re trying to value your trade-in, you may not get as much as the Blue Book valuation would suggest, which can seem misleading to some Kearny drivers.
What is Black Book value? Black Book trade-in valuation is widely used by many dealers. It often provides more up-to-date information about car and truck transactions than Kelley Blue Book, making it potentially more accurate. Why? Black Book updates the dealer invoice and MSRP of vehicles weekly.
As you can see, Blue Book and Black Book car values both serve a purpose. Here’s a rundown on the main differences between Black Book vs. Blue Book for your convenience:
When you bring your vehicle to our Lincoln lot, you can expect a fair trade-in offer. Plus, you will have a nice range of new and used models to shop from. If you’d like to speak with us before your visit to our dealership near Beatrice, contact us today! We look forward to hearing from you.
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