Thinking of trading in your vehicle in Scarsdale for another model? It’s one of the easiest ways to upgrade your ride without the hassle of selling your current car privately. But if you’re curious about how local dealerships determine the offer amounts, then you should know that some use Black Book values while others use Blue Book values instead. So what’s the difference? Keep on reading to see the Black Book vs. Blue Book trade-in value meaning below.
Let’s start by explaining what each means. Most Purchase drivers rely on the Kelley Blue Book trade-in tool to find out how much their car is worth currently on the market. Also known as “Blue Book,” this tool is free, so both drivers and car dealers have easy access. The Blue Book determines the value of cars by four main categories: excellent, good, fair, and poor. When it comes to valuing your trade-in near Armonk, you may not get as much as the Blue Book valuation would suggest, which can be misleading at times.
Now that you understand what the Blue Book is, you’re probably wondering, “What is Black Book value?” The Black Book value is more accurate as the information used is more updated than the Blue Book. Specifically, the Black Book updates the dealer invoice and MSRP of vehicles weekly. This is why many dealers use Black Book to make trade-in offers instead.
Now that you know the answers to “What is Blue Book value?” and “What is Black Book value?” here are the Black Book vs. Blue Book trade-in value meanings for you to compare side by side:
Our finance experts are here if you’d like more information or if you have any questions about the process. Get in touch with us today, and if you’re ready to move forward with trading in or selling your vehicle in White Plains, we’d love to buy your car at a fair offer!
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