When you are looking to trade-in or sell your current vehicle, you’ll find that Rumson-area dealerships tend to evaluate the trade-in value of a vehicle with either Black Book or Blue Book. So, what’s the difference between Black Book vs. Blue Book? Both are known for offering fair market estimates on the value of a vehicle, but there are some differences between the two that you should be aware of. In this guide from the finance experts at Land Rover Monmouth, we’ll compare Black Book vs. Blue Book and provide you with the information you need to get the best trade-in value for your vehicle.
The trade-in value, meaning the estimate of how much your car is worth, is determined by the vehicle’s age, condition, and mileage, as well as location and the current market price. What is Black Book value? Black Book trade-in valuation is widely used by many dealers in and around Red Bank, and provides up-to-date information about used vehicle transactions, while updating their used car prices on a weekly basis. The pricing data provided by Black Book leans more towards wholesale or auction values. Dealers will often use Black Book values in order to ensure that they make a profit.
Kelley Blue Book, commonly referred to as simply “Blue Book”, is widely used by consumers and car dealers alike. It is a free car evaluation service that can give you an estimate based upon whether the vehicle is in excellent, good, fair, or poor condition. Blue Book has become the “Gold Standard” for used car valuation and is widely recognized as a trusted source.
The vehicle trade-in calculator offered by Land Rover Monmouth is powered by Blue Book, and can provide you with a fair market estimate on the value of your car in minutes. You can then bring your vehicle down to our Eatontown location where we will conduct an appraisal and make you an offer. You can accept our offer or negotiate based upon the Blue Book trade-in value or any other estimates you have received. Whether you are trading your car in for an exciting new Land Rover or wish to sell your vehicle outright, we work hard to ensure that our valued customers from throughout the Colts Neck area get a fair price.
What is Black Book Value and how does it compare to Blue Book value? The team at Land Rover Monmouth will be happy to explain the difference between Back Book vs. Blue Book and help you navigate the trade-in process. If you have any questions, please feel free to contact us online or give us a call at (877) 672-8810. We are ready to work with you to ensure that you receive the best trade-in value possible for your vehicle, so come see us in Eatontown today! If you are planning on trading-in your car for a new Land Rover, make sure to explore our current new vehicle lease and finance specials.
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