Looking to value your trade-in near Lexington? Paul Miller Motor Company can help! We use a Black Book calculator for providing up-to-date trade-in estimates and offers to our friends and neighbors from Louisville to Georgetown and beyond. But what does that mean, and how do our Black Book values differ from Blue Book values? Read on to find out, or contact us with additional questions!
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 Richmond drivers.
What is Black Book value? Black Book trade-in valuation is widely used by many dealers including us here at Paul Miller Motor Company in Lexington. 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.
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:
We don’t like misleading information, and we definitely don’t like misleading our customers. That’s why we strive to provide the most accurate, up-to-date information using Black Book values to everyone who does business with us. It’s just one way we show that we care. Another is our online trade-in valuation calculator, which uses Black Book values to provide you with an easy trade-in estimate. Looking for an instant cash offer instead via Blue Book valuation? We also offer that service for increased convenience.
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