Q:

Should you rely on the Kelley Blue Book value when buying a used car?

A:

Quick Answer

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.

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Full Answer

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.

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