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How Accurate is Kelly Blue Book?

kelly blue book

If you’re planning to purchase or sell a car in the near future, you may have looked into the Kelley Blue Book price of your car. You might be wondering whether or not Kelley Blue Book pricing is actually accurate. Kelley Blue Book is one of the most recognized authorities when it comes to estimating the value of new and used vehicles. The Blue Book uses a number of factors to determine the value of a car. However, your KKB estimate does not necessarily guarantee that you can perfectly predict what you will be able to buy or sell a particular car for.

About Blue Book Pricing

The first thing that you need to know about Kelley Blue Books prices is that they are not always true across the board. The truth is that there are many factors that determine the actual price of a car. First, it depends on which city you’re purchasing a vehicle from, or whether you’ll be buying a car at a dealership or from a private seller. For example, purchasing a vehicle from a dealership may be slightly higher than buying the same car from a private seller. However, when you purchase a car from a dealership, your purchase likely also comes with some sort of warranty, which a private seller does not offer. These types of factors are not taken into consideration when creating KBB estimates.

Another reason that your Blue Book estimate may not be exactly correct is that you don’t have a true understanding of the overall condition of your car. When using KBB to estimate the value of your car, you will typically be offered prices for your vehicles in either perfect, fair, or poor condition. However, within these three designations, there is a myriad of different variables to consider. Your vehicle may have exterior damage that seems minor to you, but large in the eyes of a potential buyer. There could also be mechanical issues with your car that will need to be fixed. These issues can lower the potential sale price of your vehicle.

Because there is so much that goes into consideration before a dealership or private buyer purchases a vehicle, it’s almost impossible for Kelley Blue Book to accurately predict what you will get for your car. However, that doesn’t mean that KBB can’t be useful. If you look at KBB prices as more of a gauge and not an exact science, it can still give you a general idea of what you can expect going into your car buying or selling experience. If you’re looking to sell a car, there are a few things you can do to try to increase the amount someone is willing to buy for it. Having your car inspected, tuned up, and outfitted with new tires can all help you obtain the highest possible price for your car.

If you’re looking for a great deal on a quality used vehicle, visit our dealership where we carry a huge selection for you to choose from.