Should You Rely on the Kelley Blue Book Value When Buying a Used Car?

Should You Rely on the Kelley Blue Book Value When Buying a Used Car?

A buyer should use the Kelley Blue Book as a price reference point when purchasing a used car. The book allows for consistency across markets, meaning the buyer can compare the pricing of a dealer in Florida with one in Nevada.

The Kelley Blue Book uses a standard set of criteria to calculate value, taking into account a car's age, popularity and warranty along with local market conditions. The Kelley Blue Book uses these criteria in conjunction with the condition of the actual vehicle to establish a basis for comparison, allowing consumers to compare vehicle prices across dealerships or between private sellers.