Difference between black book and blue book value

In the most basic sense, kelley places a large amount of emphasis on mileage, condition, features, and popularity, while nada tends to focus on the vehicles wholesale price i. Blue book does not contain auto values at all but is more of an all seasons publication that publishes values for boats, atvs, trailers, motorcycles, skidoos etc. The black book, like kelley blue book, provides a value for different used car makes and models so car dealers will know how much a vehicle is worth. The kelley blue book is a trade publication intended for use by the wholesale industry but open for use of private consumers, either in print or on. It is the natural companion to the red book which is used to find the overall value of a coin. Clients often ask what the difference is between a red book valuation and the free valuation an estate agent provides prior to sale.

Much more detailed and encompassing than the blue book, the red book is used by both collectors and dealers on a daily basis. The black book was established in 1955 by three businessmen in gainesville. I have been a life member of the ana american numismatic association since 2000, but i. Though seemingly similar, the black book and kelley blue book serve slightly different purposes. The term blue book is a generic term that has been used for years to describe a periodically issued price list. My truck was 10 years old but only had 70k miles on it and the engine was rebuilt only a year ago. Edmunds originally published information booklets for car buyers and started its website the same year blue book did, in 1995. So wouldnt the low miles and new engine raise the value since i have not found any same truck with such low miles before. I think the really main difference is many people collect the red book but ive never heard of anyone collecting the blue book.

While blue book and black book dont compete directly, blue book does compete with. Black book and kelley blue book are both usedcar pricing guides. The black book is usually a culmination of values from the dealer auctions. Whats the difference between kelley blue book and black. Dealership new scam, nadablue bookblack book value. Get used car values from black book with our car pricing guide and compare black. Another important thing to note is the red book now comes in a larger size for us old people. The black book is the wholesale version of the books above and shows relative wholesale values when you sell coins into the.

Both books claim to be the more accurate source of used car pricing guides. Estimates are available for used cars in extra clean, clean, average and rough conditions. Finally, a fair purchase price tool provides a snapshot of a vehicles actual selling price from tens of thousands of sale transactions. The site offers retail values, wholesale tradein values and private party values. Black book provides the most frequently updated wholesale values of used cars. Kbb is the wholesale valuations and average market valuations for the united states. Whats the difference between kelley blue book and black book. Find out the difference in our kelley blue book vs. Book value of the liability bonds payable is the combination of the following. The black book is also popular, though not as old, as it was started. Canadian black book also claims to be the standard by which vehicle values are. Wholesale prices are often close to these estimated prices.

The difference between book value and market value. In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a used car. The black book is published by house of collectibles it is sometimes referred to as the black book, and its also a popular price guide among coin collectors. The black book breaks down average coin values for all types of u. Generally speaking, a blue book is for the answering of examination questions, or is a kind of us government pamphlet, or is a table giving the value of an object such as an automobile. Kelley blue books offers estimations of value for vehicles based on their make and model, condition, and age. The red book was supposed to be the highest possible price.

Both of these pricing resources provide accurate value estimates for all of the preowned vehicles that you might be looking at. However, the blue book also provides figures on new cars and privateparty sales and its rating system on used car conditions is different from the black book s. What is the difference between wholesale and tradein vehicle values. There is nearly always a disparity between book value and market value, since the first is a recorded historical cost and the second is based on the perceived. Kbb is used more frequently and has been around since 1918, while the black book started in 1955. What is the difference between kelley blue book and kelley. The oxford english dictionary first records such a usage in 1633. Your browser does not currently recognize any of the video formats. The kelley blue book is a resource that both dealers and private owners use to estimate the worth of a vehicle. To arrive at the book value, simply subtract the depreciation to date from the cost. They claim to be the known and trusted source across the country. Kelley blue book values blue book values kbb vs nadaguides. The red book is vital and fairly comprehensive guide to us coins, i know dealers who dont consider coin a variety unless it is in there. What is the difference between actual cash value and.

Black book is the canadian version and is what the dealers use to assess wholesale value of a vehicle. Black book, there are a few differences among data sources between them, the. Consequently, the term blue book has become synonymous with vehicle valuation guides. Maturity or par value of the bonds reported as a credit balance in bonds payable. The discrepancy can be attributed to the simple fact that kelley blue book and nada guides use two different methods for calculating a vehicles value. This information is collected from across the country by the canadian black book. The black book is a subscription based service that provides the same type of information that the kelley blue book and the nada guides do. Difference between red book and blue book coin community. A companys book value is the amount of money shareholders would receive if assets were liquidated and liabilities paid off. Book value is the total value of a business assets found on its balance sheet, and represents the value of all assets if liquidated. What is the difference between kelley blue book and black book. These are wholesale value what its worth to a dealer as a trade in of used cars. The book value of an asset is its original purchase cost, adjusted for any subsequent changes, such as for impairment or depreciation.

Kelley blue book, you can look up tradein value, loan value and wholesale value, but the private sale value is more of an accurate, quasiconsumertoconsumer value. Both are impossible unless they can forsee the future. Both of these pricing resources provide accurate value estimates for all of the pre owned vehicles that you might be looking at. Market value is the price that could be obtained by selling an asset on a competitive, open market. A handbook of united states coins blue book 2019 the. The blue book informs the coin owner of the value of any coin if they wished to sell to a dealer.

What do dealers really mean when they refer to the blue book price. The idea here is were just trying to gather information to have an accurate valuation of the truck. At one time blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, er, all over the lot. From what i have seen the blue book is just rock bottom pricewise, maybe the same % under red book year to year, so they just print the same propaganda to give false hope that buyers could get no problem coins for those prices. The kelley blue book has become one of the major merchandising devices of modern vehicle selling. Car dealers are experts when it comes to deciding a tradein price. The blue book rates the condition of a used car as excellent, good, fair or poor, whereas the black book grades used car condition as clean, average or rough. Canadian black book has been in the business of providing current and accurate pricing information for over 40 years.

Autoblog explains the difference between the nada guide, black book. From used car lots to new car dealers, they all claim to sell. Note that the book value of the asset can never dip below the salvage value, even if the calculated expense that year is large enough to put it below this value. At one time the blue book value was a used car insiders term like cream puff or cherry, but today the phrase is, uh, all over the lot. The kelley blue book gets more traffic when it comes to being used by buyers. The blue book rates the condition of a used car as excellent, good, fair or poor, whereas the black book grades used car condition as. Kelley blue book is more for the consumer to get a hold of the information. What is the difference between black book value and kelly. The red book has a lot more information and gives the prices that the coins sell for. The best tool to determine your cars value car news.

The difference between the two can actually be an indicator used in the assessment of a stock. The main difference between kelley blue book and nada tradein value is the data they use kelley blue book gathers information to determine pricing by using information from. The term dates back to the 15th century, when large blue velvetcovered books were used for recordkeeping by the parliament of england. Kelley blue book also calculates and provides values for the suggested price of an automobile at automakeraffiliated certified preowned dealerships. I use the kelley blue book and the black book for used car valuation. They have been around since 1918, while black book started in 1955. Both the kelley blue book and the black book provide tradein and retail values on used cars. Black book car value is an industry book that is mainly used by car dealers and other automotive professionals. Why galves is the preferred choice for dealers and consumers alike. Lynn faeth, owner of the scout connection dealership in iowa, had this to say on the two uses.

When it comes to buying or selling a car, its important to take advantage of the tools available for you. These parties, organisations and institutions know that when they receive a red book report, the valuation figure is well considered, backed with robust commentary and evidence and will stand up to scrutiny. What is the difference between blue book value and nada. It tells where the mint marks are as well as a quick guide to grading and numismatics. The red book is a wealth of info on the different series of coins. The kelley blue book and black book both claim to be the most accurate source of information when it comes to pricing used cars, but they actually serve different purposes. Learn how to when to look up blue book and black book used car values, and the difference between the two reference guides. Book value vs market value book value and market value are sometimes closely related and sometimes they arent. Kelly blue book kbb and the national automobile dealers association. The wholesale value is the price that auto dealerships are paying for used cars usually through auctions or from another dealerships. Black book and nada are much closer to what the cars would sell for most banks use nada to determine your max. While our vehicle value guides are often referred to as the nada blue book, we are not affiliated with kelley blue book. Whats the difference between the red book and the blue. Blue book value financial definition of blue book value.

The value will be based on what the dealer will give you for trade or if you sell it privately. Nada guide, black book and kelley blue book compared autoblog. A blue book or bluebook is an almanac, buyers guide or other compilation of statistics and information. It does not include pronouncements that are effective after january 1, 2012. After doing some research i realized there was not much chatter about the difference between the official blue book handbook for u. The used 202007 and older 20061997 vehicle value guides combine to cover 17 model years a longer span than either black book or red book.

However, the blue book also provides figures on new cars and privateparty sales and its rating system on used car conditions is different from the black books. The blue book rates the condition of a used car as excellent, good, fair or poor. Red book vs blue book us, world, and ancient coins ngc. Kelley blue book kbb is a renown valuation guide whereas black book bb is lesser known. Whether youre buying or selling a car, or even just conscious these days, you cant get away from blue book mania. The used car prices black book and blue book values serve different purposes.