ItвЂ™s the only one available online for free, and it can help you determine the amount a dealer will likely offer in exchange for your vehicle. Note: Kelley Blue Book provides information for U.S. Aside from their different colours, they all provide similar services and data to help owners determine the market value of their vehicle. In Canada, the Black Book, Red Book and Sanford Evans' Gold Book are the top three. Please share this article and start a freeВ Laser Appraiser MobileВ or Dealer StudioВ demonstration.Thinking about selling your used car or used truck this year? Maybe youвЂ™re planning to trade it in at a dealership? To ensure your get fair value for your old ride, there are a number of tools and resources available, both print and electronic. Instead, Laser Appraiser enables dealerships with the perfect combination of appraisal and valuation tools, empowering the buyer for wholesaling used cars for maximum Return on Investment (RoI).Д«lack Book, Kelley Blue Book, and NADA guide books may be integrated into Laser Appraiser M obile and Laser Appraiser Dealer Studio. The bottom line is that there is no вЂњperfectвЂќ guide book or process of appraising a used vehicle. And since most lenders use NADA, dealers tend to follow suit. NADA guides were the first to publish a LOAN value that helps lenders establish a baseline amount of credit to extend on a vehicle transaction. They also offer a consumer website that establishes transparency of the industry. Power Valuation Services) began in 1933 and has since been an industry leader in supplying LOAN and TRADE-IN values (among others) to dealers across the country. Coupling the strong consumer presence of KBBвЂ™s data with a wholesale value, such as Black Book for example, is a recipe for a dependable vehicle appraisal.ДЇinally, NADA (J.D. In many cases, in order for these institutions to even begin the loan process, they must have a document showing KBBвЂ™s WHOLESALE LENDING and RETAIL values. On the West Coast, many financial institutions use Kelley Blue BookвЂ™s WHOLESALE LENDING value as the standard of what to loan on a particular vehicle. For that reason, it would be wise for a dealership to at least consider KBBвЂ™s RETAIL, TRADE-IN, and FAIR PURCHASE PRICE values on each vehicle they appraise. Kelley Blue Book was founded in 1926 and is the most recognizable guide to consumers and car buyers. However, when dealers are purchasing vehicles at auction (for inventory), Black BookвЂ™s WHOLESALE data is second-to-none. For that reason, car buyers are not typically familiar with Black Book values and they may not trust a Black Book driven appraisal at a dealership. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the data analytics necessary to successfully buy, sell, and lend.вЂќД«lack Book is exclusively geared towards dealers, wholesale buyers, and lenders, whether it is by website, smartphone application, or 3 rd party integrations. Most dealers choose more than one guide book when appraising in order to make the most informed decision for their investments.ДЄccording to its website, вЂњBlack BookВ® is best known in the automotive industry for providing timely, independent, and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications, and licensing agreements.

Kelley Blue Book is heavily used on the West Coast, Black Book in the Southeast, and NADA is more widespread nationally due to its heavy dependency from financial institutions in regards to loan originations. Ask any used car dealer what the most accurate guide book is and you will likely get very different answers depending on what part of the country you are located in.

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