Black Book Vs. Blue Book Trade-In Valuation

Plenty of drivers in Omaha and Columbus trade in their vehicles when they want to purchase new cars, trucks, or SUVs. Doing so allows them to put the money they receive from their trade-ins towards their new down payments. If you want to trade in your vehicle before purchasing a new or pre-owned model, learn about Black Book car values vs. Kelley Blue Book values in the following guide. How do these valuations differ? Is one more comprehensive than the other? Get the answers to these questions with Sid Dillon Chevrolet Fremont. Our dealership in Fremont is here whenever you want to trade in your vehicle and schedule a test drive!

What Is Blue Book Car Value?

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 Blair drivers.

What Is Black Book Car Value?

What is Black Book value? Black Book trade-in valuation is widely used by many dealers including us here at Sid Dillon Chevrolet Fremont in Fremont. 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.

Black Book Vs. Blue Book Trade-In Value Meaning

As you can see, Black Book and Blue Book values both serve a purpose. Here’s a rundown on the main differences between Black Book vs. Blue Book for your convenience:

• Black Book: Used more by dealers. Provides more accurate up-to-date information (especially with new car pricing), thanks to weekly MSRP and dealer invoice updates.
• Blue Book: Used more by consumers because it’s free. Offers a grading scale for vehicle condition from poor to excellent. KBB Instant Cash Offer adds convenience.

Value Your Trade-In Today Online!

Do you have any questions about Black Book car value vs. Kelly Blue Book value? Are you ready to start the trade-in process? Call (402) 317-5395 or message us online today! We look forward to providing you with a fair estimate and assisting you throughout the trade-in and buying processes. Our team also invites you to browse our latest new and pre-owned vehicle specials.