Why Blue Book Values Are Worthless and Market Value is King For Used Cars

In today's car market often times many buyersas these involve multiple buyers actually bidding on
and sellers especially dealers typically refer to thethe price of the vehicle. You can often review
blue book value of a vehicle to determine if itsprevious sales and that alone can be a great
being sold at a proper price. Generally with newerjudge of the current market value of a vehicle.
vehicles blue book is a very good reference forAlso just simply browsing a variety of classifieds
the price of the car and is often a bargaining toolto see what the average selling prices are (keep
when looking to do a trade in and get financing.in mind just because some one is asking a certain
However when buying a cheap used car especiallyprice doesn't mean anybody is buying at that
for cash, the market value of the vehicle is muchprice) the average selling price online can give you
more important.a good ball park number to start with whether
So what is the Market Value and how do weyou're selling or buying a used car.
determine this? Simple, research and compare.Ultimately the goal of this article is too help people
Much like when buying a home and having afind the vehicle they are looking for or sell a
real-estate agent do comps to determine avehicle faster and at the right price. Often times I
homes value instead of purely going off thesee sellers especially preaching the blue book
appraisal (which tends to be far off from thevalue of a vehicle and this can sometimes be far
actual prices homes are being bought and sold at)more or far less than what the true market value
cars are not different and the best part is youof a vehicle is. So save yourself the headache do
can do the comparisons easily by your self.your homework and happy buying and selling.
Auction sites can be a great way to get started