We’ve got an incredible selection of new and pre-owned vehicles for you to choose from at our dealership. Once you’ve found the perfect vehicle for your Overland Park adventures, you’ll want to consider trading in your vehicle for your new ride. By trading in your vehicle, you could potentially reduce your monthly car payment if you’ve got positive equity.
During the trade-in process, you’ll probably hear about blue book and black book trade-in values but what does it all mean? Compare blue book vs. black book trade-in values today with Olathe Dodge Chrysler Jeep Ram and find out what they mean when you trade in your vehicle for a new ride! Here’s what we’ll go over today:
- Blue book vs. black book differences
- What is black book value?
- What is blue book value?
- Trade-in value meanings for blue book and black book
What Is Black Book Value & Blue Book Value?
Your trade-in value is determined based on a number of factors. Both blue book and black book trade-in values are designed to help provide some guidance so that you know your vehicle’s worth. That way, you don’t have to drive all around Gardner to determine your vehicle’s trade-in value at multiple dealerships. But, what are the black book value and the blue book value of your vehicle? Take a look below to find out:
Blue Book
So, what is blue book? Blue book is the value of your vehicle based on Kelley Blue Book. Kelley Blue Book is a free and reputable tool you can use to determine your vehicle’s worth. Kelley Blue Book utilizes a number of factors to provide an estimate of your vehicle’s value. Blue book values are ranked between poor, fair, good, and excellent.
That being said, this is only an estimate and often times you’ll find that the blue book value for your vehicle is typically a bit on the higher end of the scale so keep this in mind when you’re visiting a dealership near the Springhill area.
Black Book
We know what blue book is but what is black book then? Black book values are used by a wide range of professional automotive dealerships. Black book often utilizes information from dealer invoices and vehicle MSRPs from all over to help provide a more accurate trade-in value. You’ll find that many dealerships in the Olathe area prefer to use black book values as its a much more accurate depiction of your vehicle’s worth.
Trade-In Value Meaning for Black Book & Blue Book
At the end of the day, blue book and black book values provide you with some kind of information about your vehicle’s worth. However, what does that mean for you when it’s time to crunch the numbers on your vehicle trade-in? Here’s what it means for you when you find out your blue book and black book values:
- Blue Book: Blue book values may not be as accurate as black book values but the information is more accessible. You can view a range of your vehicle’s worth and get an idea of how much to ask for when you trade in your vehicle.
- Black Book: You’ll find that black book values provide a more precise trade-in value but it’s typically only available for authorized dealerships to use. Black book values utilize dealer invoices and MSRPs from a variety of sources to offer a more accurate trade-in value.
Discover the True Trade-In Value Meaning at Olathe Dodge Chrysler Jeep Ram!
Regardless of blue book or black book trade-in values, you’ll want to visit Olathe Dodge Chrysler Jeep Ram to get the most for your vehicle trade-ins. We want you to enjoy a smooth car-buying experience and that includes a seamless trade-in process. Contact our team today and find out how to get the most for your vehicle when you’re ready to upgrade!
