Black Book Vs. Blue Book Trade-In Valuation

If you’re considering trading in your current vehicle toward the purchase of a new car, it’s essential to understand the trade-in value, what it means, and where to find the most accurate information. So, what is the best way to value your trade-in? The two main options for valuing your vehicle are the Kelly Blue Book value and Black Book car values. What is the difference between the Kelly Blue Book value and Black Book car value? Learn more about trade-in value meaning with the team at Sid Dillon Ford Crete!

What Is Kelly Blue Book Value?

The Kelley Blue Book trade-in valuation is known as the “Blue Book” trade-in valuation. Many car dealers use it because it is free and requires no monthly payment. It ranks cars into four main categories: excellent, good, fair, and poor. That said, Blue Book valuations can sometimes be on the higher end of 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 car values would suggest, which can seem misleading to some Seward and Omaha drivers.

What Is Black Book Car Value?

What is the Black Book car value? Many dealers, including Sid Dillon Ford Crete, use the Black Book trade-in valuation because 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.

Black Book Vs. Blue Book Trade-In Value Meaning

As you can see, Black Book car values and Blue Book car values both serve a purpose. Here’s a rundown on the main differences between black book vs. blue book for your convenience:

• Black Book: Used more by dealers. Provides more accurate up-to-date information (especially with new car pricing), thanks to weekly MSRP and dealer invoice updates.
• Kelly Blue Book: Used more by consumers because it’s free. Offers a grading scale for vehicle condition from poor to excellent. KBB Instant Cash Offer adds convenience.

Value Your Trade-In Today Online!

We don’t like misleading information, and we definitely don’t want to mislead our customers. That’s why we strive to provide the most accurate, up-to-date information using Black Book car 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 car values to provide you with an easy trade-in estimate. Are you looking for an instant cash offer instead via Blue Book valuation? We also offer that service for increased convenience.

Shop With Confidence At Sid Dillon Ford Crete!

Find out why drivers from Lincoln to Wilber shop with the team at Sid Dillon Ford Crete. From the sales floor to the finance department, our team is here every step of the way. Save time with our online finance application and learn more about the process ahead of time with our car-buying tips.