If you’re looking to trade in your current Riverside vehicle for a new one, you’ve likely run across the terms “blue book value” and “black book value”. What is black book value, and how is it different from blue book value? Find out with this guide to black book vs. blue book trade-in value meanings from the finance team at BMW of Murrieta!
The type of trade-in valuation most Corona drivers are familiar with is the blue book value. The term “blue book” comes from shortening the name of the reputable car research source Kelley Blue Book. Kelley Blue Book is popular with car dealers and customers alike because it’s free and provides easily accessible trade-in estimates based on whether a car is considered in excellent, good, fair, or poor condition. That said, blue book valuation will often provide higher estimates than are normal or fair, as values can range widely between locations and vehicle conditions.
A trade-in value meaning that most drivers will be unfamiliar with is “black book”. So, what is black book value? Black book valuation is based on another set of data that is exclusive to car dealers and provides up-to-date car valuations based on wholesale and auction prices each week. This makes the black book value more likely to be accurate, which can lead to discrepancies for Ontario customers who used a blue book valuation.
Black book and blue book values both serve important functions when trading in your car. Here are the main differences broken down so you can go into your next trade-in negotiation with confidence:
Trade-in values can be confusing, which is why BMW of Murrieta strives to only offer you transparent, fair valuations on your vehicle! Start with our online trade-in estimator before stopping by our Murrieta location to speak to our expert team. Whether you’re planning to buy a new BMW or a used model, BMW of Murrieta is here to ensure you get the most bang for your buck on your next car transaction!
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