If its possible to remember your vehicle s options off the surface of your head, great. Your canadian black book value is the most accurate estimate of your preowned vehicle s value that youre likely to find. Both books claim to be the more accurate source of used car pricing guides. Youll get full access to resources that can help you prepare for a private sale or a trip to the dealership, negotiate the best deal possible. This service helps you attain and compare used car tradein values for vehicles up to 14 years old. The original car book value calculator, online since 2008. Using canadian black book to find the value of your car. It will help you work out the approximate book value of your car easily and free. Auto finance solutions black book data maximizes profit. Surprisingly, its been around since 1955 and was introduced by the national auto research division of hearst business media corporation.
We provide personal banking, business banking, mortgages, and financial planning. Get used car values with edmunds car value appraisal tool. Think bank s minnesota offices include rochester, edina, st paul, eagan, and apple valley, mn. Check car prices and values when buying and selling new or used vehicles. The canadian black book is an invaluable tool, offering a number of services including the ones above. Black book is the research tool that banks, car wholesalers, and dealers rely on when they buy a tradein. Black book auto value as a thrifty car shopper, you may have heard dealers refer to a car s blue book value or learned of a reference guide called the black book as you hunted for used car deals. The factors to take into account besides make, model and year the car are the car s general condition, options and mileage. I am a fairly new dealer in this used car business, and have faced numerous obstacles. Vehicle values can change on a daily basis, so its important to know that this is an estimate only.
Bb102 black book cpi cars of particular interest value. Nadaguides national appraisal guides and black book values offer vehicle valuation services. Black book acquires their pricing data from wholesale auctions, and retail. The kelley blue book gets more traffic when it comes to being used by buyers. Dealer invoice and manufacturers suggested retail price msrp values are updated weekly. Multiply the assessed value by the ltv percentage to determine how much the bank will loan on the vehicle. The black book family of vehicle appraisal guides, widely known in the automotive industry for providing timely, independent and accurate vehicle pricing data, is published by national auto research, a division of hearst business media. Black book weekly values lite black book used car values. Both can be valuable sources of price data as you approach the bargaining table on your next used car.
Kelley blue book new and used car price values, expert. I use the kelley blue book and the black book for used car valuation. The final sales price depends on the cars actual condition and local market factors. Avoid this issue by filling out the black book appraisal form, and be sure to be as accurate as possible when indicating the condition of. Get used car, truck and suv values with edmunds car value appraisal tool. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. Their pricing and value data includes statistical analysis that allows for current and timesensitive changes in historical valuation to be easily understood resulting in reliable predictors of values and potential risks. I am a fairly new dealer in this used car business, and have faced numerous obstacles and difficulties getting my business off the ground. By providing a 100% fill of values, we ensure there are no gaps in the vehicle valuation data. Some black book users invest in portfolios of vehicles to spruce up and ship to a different region of the country or the world. Learn how to when to look up blue book and black book used car values, and the difference between the two reference guides. The black book is one of the main sources of data car dealers use to set prices for used cars and tradeins. Get used car values from black book with our car pricing guide and compare black book to kbb and nadaguides, two other popular valuation sources.
Canadian black book provides free car values, new and used car prices, and vehicle listings. New car pricing and used car values research the latest new car prices and used car book value. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it.
Black book s wholesale average is a benchmark value for used vehicles selling in the wholesale auctions with the vehicle quality in average condition. The driving force behind black book s valuation process is an understanding of what drives the auto market as a whole as well as what factors help set vehicle specific values. Use the black book tool to tradein used car value online know your used car trade in value free instant online auto resale car value appraisal. Both kelley blue book and black book gather thousands of data points from auctions, banks and. This is an as is value that does not include any warranties. Specialized data for special interests a truly comprehensive service thats actually two sources in one.
Dealer invoice and manufacturers suggested retail price msrp values. If you dont know how the industry appraises cars, you wont be able to effectively negotiate your current car s appraisal value. Now a black book value is pretty much dealer driven, and has the best wholesale car evaluations. To find the black book value of your new or used car, simply follow the link below. Whether youre trading your vehicle in at a dealer or planning to sell it, edmunds makes it easy to understand your car s. To compile this information, the provider of wholesale pricing guidebooks, based in gainesville, ga. Be aware that insider guides like manheim or black book tend to. A car s residual value is an estimate of the dollar amount your car will be worth at the end of the lease term. Using the canadian black book to find a vehicles value. Black book s recent launched commercail value xpress product provides fleet managers with a realiable source to benchmark their independent fleet vehicle resale averages to the national average. It specializes in estimating the wholesale value of vehicles, which dealers can use to ensure that they make a profit when buying and selling used cars. Kelley blue book is the most commonly known means to get an estimated value of a vehicle.
Knowing your vehicles tradein value before you visit your new car dealer is. Knowing your vehicle s tradein value before you visit your new car dealer is essential, as you wont be able to effectively negotiate your current car s appraisal value without it. Used vehicle retention index black book used car values. Bb102 black book cpi cars of particular interest value guide whether youre a dealer or banker or a consumer, you need to know how much a car is really worth. We provide black book trade in value and market value, so you can get the most out of your used car. This includes essential data points like how key attributes such as mileage, maintenance records, model, year, and trim options affect value. Get a used car value range and average thats based on how much comparable vehicles have sold for in your area. Black book cars of particular interest price point. The used car prices black book and blue book values serve different purposes. Vehicle pricing black book provides pricing information about new and used car, truck, and recreational vehicle pricing. Black books commercial values enable fleets to benchmark. If youre in the market for a new or preowned vehicle, or trying to appraise your vehicle s value, check out the canadian black book. However, the black book is now rising in popularity among everyone looking to sell or buy. Though variables like odometer readings, damage history and location can greatly influence the trade in value, the average is a good way to gauge roughly how much it will trade for.
The kelley blue book is the most popular used car buying guide. Find the right value to sell or purchase and never overpay again. Knowing your tradeins value before you visit your new car dealer is essential. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses. They have been around since 1918, while black book started in 1955. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or selling, and even get a cash offer from a dealer in your area. Think offers free debit cards, free checking accounts, free online banking, free bill pay, and free mobile banking. Other subscribers include insurers tracking vehicle replacement values and car lease companies that calculate their rates based on the value of the vehicle when it is returned to them. Back to the books, since each of the three value data industry leaders claim to offer the most accurate information and the best deal to buyers and sellers, aol autos decided to investigate by researching the used car values of three different types of vehicles in each of the three books, kelley blue book, black book and the nada guide.
While your black book value is the most trusted source out there, it should be considered a guideline only. How to determine the amount a bank will loan on a car. Black book used car values kelly black book nadaguides. If you do not want a new car price quote, click here to get your black book used car. This estimate comes from the bank that will hold your lease contract. Auto finance solutions 90% of the nations top lenders are using black book s data as the driving force behind a more profitable portfolio. In reality, cars which have been in accidents have a tendency to get rid of market value, but theres really no way to gauge how much, arca states. Visit canadian black book and select a make and a model to find the right car that suits your need. Automotive data with black book powering the auto industry with. They use sales data, auction results, brand equity, and the pricing of similar vehicles across canada based on your year, make, and model to tell you how much your car. Research the latest new car prices and used car book value. Look up the value of the vehicle using the same source the bank uses nada, black book, kelley blue book, etc. But the black book cpi is my mainstay in determining the true value of any rare or unusual vehicle which i buy or sell.