Blue Book Used Car Value, Buying a Used Car: When to Break Out the Kelley Blue Book Value and When to Not

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Blue Book Used Car Value, Buying a Used Car: When to Break Out the Kelley Blue Book Value and When to Not - If you are looking for a used car, you are probably looking for more information about your online shopping options. The classified ads site offers a wide range of affordable cars and car buying sites like Cars.com. Kelley Blue Book is the perfect and free tool for car buyers. You can search estimated car values. In this way, you can find out if the price is reasonable. In some cases, the estimated value of Kelley's blue book can be used as a commercial instrument. In which cases

This condition is false.

We often see that used cars are listed in excellent condition, while they should be in good condition, etc. Frequently used car dealers first turn to the Kelley Blue Book. They want to know the estimated value of their vehicle. Most sellers set the sale price at an estimated value or slightly higher.

Blue Book Used Car Value

The estimated value of the vehicle depends largely on its general condition. The 74,000-kilometer Dodge Grand Caravan, which is in very good condition, is generally worth $ 1,000 to $ 2,000 more than the same car in good condition. Therefore, if the seller specifies that his vehicle is in good condition, even if it is in good condition or in good condition, it is likely that the estimated value (and, therefore, the sale price) is incorrect.

Since most buyers like you cannot determine the correct condition of the vehicle unless you see them in person, you are preparing to buy a used car. Answer the Kelley Blue Book questionnaire. The results page shows the estimated value of the vehicle in excellent condition, in good condition and reasonable. If you believe that a minibus in good condition is in excellent condition, focus on the estimated value of a vehicle in good condition.

Very high price

You will never pay for a used car again. They also want to sell long-term value. What if you want to sell a car in three years? If you paid at least $ 1,000 on the estimated value of the car, you will never be able to recover the money you used or invested.

It is always recommended to estimate the estimated value when buying a used car. However, it is important to take this simple step if you find that the price is too high, even for a limited amount, for example 200 USD.

As mentioned earlier, print a results page with the estimated vehicle values. If the seller requests a high price, take this page and use it as a bidding tactic.

In the above cases, you and you should use the value of the used Kelley Blue Book car to your advantage. When can you not use it? If the value is greater than the sale price. Suppose the Kelley Blue Book indicates that the Ford Focus is in good condition for 5000 USD. The seller only charges 4000 USD. You don't want to show them the valuable value of Kelley's blue book. If you don't remember referring to this place first, you may not even know that your car is the most expensive. I don't know her!

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10 Steps for Selling Your Car

If you want to quickly disassemble the car or get the best deals, it is good to start preparing. KBB.com helps you every step of the way by providing tools and information, from determining the value of the car to determining the price of the offer, and creating a stable online offer.

Step 1: gather information about your car

Many people forget this step until the end, but the sales process really begins with the completion of the documentation. The name of the car, the service brochure and the original sales documents are the three most important.

For this reason, although you already know the basics (year, brand, model, mileage), consider the style of your car (not only the Honda Accord 2003 but also the Honda Accord LX 2003) and optional features such as insertion without key. CD, leather seats or navigation system. Accessories can increase the resale value of a vehicle. Make sure you have the complete list. Use the original sales literature or window labels to verify if you have forgotten something.
Finally, you must collect all the good services you can find. "Conventional oil changes are an even better indicator of good maintenance than adjustments," said Dan Ingle, director of industrial and international solutions for Kelley Blue Book. "An oil change every 3,000 to 8,000 miles, as recommended by the manufacturer, tells the buyer that the car is well maintained."

Tip: Contact your dealer, service technician or oil change center if you do not have proof of service or if you can print a summary of your visit. This type of information assures the buyer that the car is in good condition, which can help to obtain a higher price.

Step 2: know the current state of your car

You may think that your car is "like new" and that it shines like a baby seal, but its value depends on the actual conditions. You must be aware of this and be realistic.

Owners generally overestimate the value of a car, which can generate unrealistic expectations. If you overestimate the price of the application, you will probably have more sales problems. Contact a technician for evaluation. It can recognize engine problems and things you can forget, such as backlights or defective functions that are not being used.

Presale can be useful for the following reasons:

  • Accept the information that the buyer will find in your comment.
  • A recent inspection provides buyers with a simple service and can even eliminate the need to inspect the car.

Or start KBB.com Quiz City to find out what the state of your car is.

Step 3: Decide if you want to buy or sell

If you know the real state of the vehicle, you must decide to sell it or exchange it with the seller. The value of the vehicle depends on the type of vehicle used. Each option has its advantages and disadvantages:

Why is it worth buying?

  • Fast and convenient
  • No advertising or cost of sale.
  • No personal calls / email at home
  • Pay a new car without VAT

Why sell it yourself?

  • Negotiate directly with buyers.
  • Basically, you earn more for your car (approximately 15 to 25% more)
  • No seller pays

There is a third option that you can know now. Get a special offer on the Kelley Blue Book

  • A fixed amount you can count on
  • Online evaluation of the state and current value of the car.
  • You do not need a new car
  • Replace immediately with your dealer
  • And there is no obligation when you receive the offer.

In the end, the decision to have the time or willingness to sell depends on you or someone who organizes the process for you.

Compare the value and substitute value of your Kelley Blue Book® partner to find out what to expect. The difference can make a difference.

Another option is to get a quick cash offer from Kelley Blue Book, which you can use immediately with your participating program dealer, often without buying a new car. The online offer can be used as a starting point for the price you can get today for your car. This is a great opportunity to get more information about the value of the car. And there is no obligation when you receive the offer.

Tip: A vehicle with unusual colors or accessories can be sold to a wider audience for a less desired vehicle. However, if you are willing to invest the time and effort necessary to find buyers interested in special features, the unique charm of your car can bring even more.

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Step 4: increase the resale value of your car

Whether you want to sell your car or sell it in a retail store, you want to do, and perhaps fix, small things to increase the value of your car.

Most potential buyers expect a minimum of preparation to see a used car. "If your car is not rusty, knowing it is still worth it," said Richard Homan, vehicle evaluation representative at KBB.com. "If you don't want to spend money on a professional job, you should at least wash, grow and change the oil in your car."

For larger items, the final price of the car must increase with mechanical or aesthetic improvements. "Used car buyers don't want to think about repairing their cars, so if you can be proud of your car with new brakes or high quality tires, it will sell much faster," says Mr. Homan. Be sure to gather documents for each main task and make a receipt to see potential buyers (as described in Step 1).

Depending on the type of car problem, you may have to solve the problem. Here are some examples:

  • Luminaires: luminaires are generally cheap to replace and important to the buyer. "A quick dealer and a Phillips screwdriver is generally in good shape," says Ingle.
  • Windshield Plates / Cracks: The cost of repairing the windshield is generally less than the amount that the price increases mentally for buyers if the damage remains intact.
  • Brakes: If you sell a luxury vehicle, the new brakes are worth it. For luxury cars, this is only a price reduction of 100 to 150 USD.
  • Tires: Buyers are recommended to check the condition of the tread of a used car. If the treads are worn or uneven, replace them with at least similar worn tires (only $ 30 to $ 40 per tire). Otherwise, the buyer generally expects a significant reduction of the model (300 to 700 USD).
  • Holes, holes and scratches: if you have more than four or five teeth, especially if they are different, get a toothpick. "Tooth extraction specialists can be very cheap, they usually pay only $ 100 to eliminate different things," says Ingle. "He wants to save the buyer who has a headache by taking him to a workshop." Even better is the large cube in which the panel must be fixed.

Step 5: price of your car

If you are spending money to improve your car, it probably has changed. Check the value of the blue book of the week you want to sell, as this will help you better understand your car.

Buyers often look for the Kelley Blue Book® Fair Market car series to find out what they have to pay. As a price guide that consumers and the automotive industry have trusted for more than 90 years, the Kelley Blue Book eliminates much speculation about the value of a car. Our experts range from current economic conditions to the development of the industry and the position of the car.

However, the value of the car's blue book and the desired price can be two different numbers. First, you want to build a negotiable pillow. Second, the offer price may be less or greater than the value based on the parameters of a particular car.

To know how to rate your car in terms of the value of the Blue Book, check the place of sale of your car for different prices, such as your car. This should give you the best picture of what others say about your car. Find cars in your area, not just the same brand / model / style, but the same miles and options. If there is a desired price set, start in and add or subtract this price taking into account:

The price of your car will be higher if:

  • The vehicle is still under warranty or has an extended warranty (bumper or bumper) if the warranty is transferable.
  • You have performed regular maintenance work, especially if you have just completed the scheduled main maintenance, such as: B. 60,000 km
  • You bought a new set of tires or installed new brakes

Price of a car if:

  • Do you want to sell it quickly?
  • Have a good track, new tires or brakes
  • There has been an accident

Tip: Regardless of the condition of the car, it is generally advisable to leave the room for the price of the room. Remember that the price is the starting point for potential buyers. Most do not receive the prize.

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Step 6: create an online sales ad

Now that you have decided to sell your car privately, it is time to inform the public. Websites such as KBB.com and AutoTrader.com offer advertising services that place your car among thousands of customers in your area in minutes, as well as ads across the country in these hard-to-reach vehicles. Thanks to the detailed description and the beautiful photos, you can differentiate yourself from the buyers interested in your car.
You can also use online advertising to ask questions to eliminate unlikely buyers and reduce the time spent on automatic displays.

What should be included in the car screen:

  • Start with a brief description that highlights the demand for vehicles such as high BGM, short distances, other guarantees and special features.
  • Tell us why you sell a car. Buyers know it better, so do it in advance.
  • Be honest with the condition of the vehicle and provide the VIN of the vehicle so that buyers are not hidden.
  • Record the price of your order and commercial conditions. Start by defining the value of Blue Book® for your car, then the price and explain why you have more or less questions about the value of Blue Book®. Indicates whether the price is fixed, negotiable or the best offer, as this will help you find the right buyers.
  • Provide acceptable payment methods, including certified checks or money orders. Protect yourself against fraud by avoiding personal checks and foreign money.
  • Take a lot of pictures. Buyers want to be comfortable in the car, so bring different exterior elements and close-ups inside, the dashboard and the engine.

Ready to sell your car? Your ad will appear on KBB.com and Autotrader.com to represent thousands of customers in your area and across the country to maximize your sales potential quickly! Post your ad now on KBB.com and AutoTrader.com

Step 7: Observe potential buyers

Unless you hire a broker or friend to give you several tips, you should meet potential buyers and organize the tests. It can be scary. That is why it is a good idea to first check all the candidates online and then call those that look promising. The first call is the best way to easily communicate with both participants.

If you send an email, re-enter your ad information (potential buyers will likely reach more owners) and respond.

Before setting up the car screen, request the person's full name and suggest yours. Understand what payment methods are accepted: checks and money orders are the best. You will be surprised to see how many people still need funds, expect an upfront payment and even plan to pay in installments! Do not waste time with these buyers.
Sell ​​locally and collect documents in advance. To protect against fraud, it is better to sell it to a loved one. Inform potential buyers that you do not accept non-governmental checks and that you wish to meet with the buyer's bank and contact the cashier. Some banks can even see the vehicle if the buyer has prepared the loan.
Before meeting potential buyers, you must gather all the necessary documents to sell the car on the spot. These may include title documents, maintenance information and other important documents. Requirements and acceptable documentation to close sales may vary. Therefore, check the Department of Motor Vehicles website to find out what it takes to transfer ownership.

As a seller, you must provide the vehicle name and mileage at the time the vehicle is sold. In some states it is part of the title itself, while in others it is a separate form. Other important documents are:

  • warranty information
  • sales invoice
  • "How is it" statement
  • Declaration (contact the Automotive Department)
  • Possible additional documents (for example, CA certificate)

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Step 8: use the test drive to sell

Wait for a potential buyer with questions about the car before the test drive. For example, if you ask more about your car than other vehicles in this category, explain why. Special features, complete maintenance information and current updates are logical explanations for the highest price, especially if you can protect them with a card.

Choose a safe place in a public place, preferably next to a random driving test. Before giving your keys, make sure your insurance covers other drivers and apply for a driver's license. Take a picture of your license if something happens.

Always accompany the driver, regardless of the security offered. If you are not comfortable with a stranger in a car, ask a friend or family member to accompany you. The potential buyer may also wish to eliminate someone, but try not to be a minority.

Buyer size, seller size

Remember, potential buyers will evaluate you about your car. So be friendly, knowledgeable and honest.

For many buyers, the part of the petition that claims to be the owner requires a more thorough evaluation of the condition and maintenance of the car. Look for defects in the front of the vehicle, but check the documentation that indicates that maintenance and repair work has been performed.

Meet your potential buyer during the test. Find out what is happening, why they are looking for another car and what is important to them. In this way, you can use the power of your car and eliminate all fears.

Some car buyers ask you to take a car with an inspection mechanic, which is common and acceptable. If you have the latest planning report, it can be very good. Otherwise, you can always get a diagnosis from the buyer.

Remember that the additional cost of selling the vehicle itself is usually 15-25% higher than the replacement value of the vehicle. However, if you believe that this process takes too much time or requires more effort than you are used to, you can replace it at any time. Or you can get a Kelley Blue Book Instant Cash offer that you can use immediately at your dealership without buying a new car.

Step 9: negotiate the best price for the car

At the end of the test, it is time to sign the contract.

  • Answer the latest questions about your car
  • Remember that the buyer asks the price of the car and how the "price" is defined.
  • Make any remaining warranty or extended coverage, or sell the vehicle as is.

Let the negotiations begin! Ideally, a price reduction has been granted. Therefore, allow the buyer to continue accepting or sending the offer.

The art of trading means knowing in advance what your lowest acceptable offer is and you can be sure that there will be other buyers if you don't agree with the price.

If the buyer offers less than you wish to accept, continue. Suggest contacting them when they think about it. But if you make a reasonable offer, be prepared to say yes.

If you plan to sell your car locally, be sure to take your titles with you. Finally, be sure to go home (something that many people forget).

Step 10: stop the sale

When the buyer falls in love with his car and accepts the price, the next step is to take it to his bank to buy the check. This helps protect against fraud. Once your payment is completed, follow these steps:

  • If the car is sold "as is", pay attention to the track
  • Sign and date the transaction and allow the buyer to sign
  • Sign the title. Complete the instructions, sign and send to your DMV
  • Add all required documents
  • Make a copy of all documents before handing over the keys and documents to the buyer.
  • Remove the vehicle from the insurance
  • Depending on the conditions, the parts cannot be removed. So prepare a screwdriver

Tip: If you don't have a photo of the buyer's license yet, ask your accountant or customer service representative to make a copy to the bank. In addition to fraud protection, you will need information to complete the warning. In many states, the seller and the new buyer have responsibilities during and after the delivery of the vehicle. For example, a smoking certificate is required in California. Check the status of the DMV site and determine what documents are required by the state to complete the contract. Selling a car does not have to be a stressful or difficult experience. These 10 steps will give you the price you deserve on time.

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