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Re: actual value vs. bluebook
Kurt:
What you want to check for wholesale or trade in value is the Black Book. This is what dealers use religously (at least around here) to determine trade-in value. It is published weekly, and regionally, so they reflect specific areas of the country and they are current. It is a summary, and average, of what specific makes and models sold for at auction in the region. They are usually only available to the retail auto industry but sometimes insurance companies subscribe to it as well. Edmund's, Blue Book, etc., are used by the retail auto industry, if at all, only to determine retail pricing. They are used by the insurance industry, which can be advantageous if a car is a total loss, as their wholesale prices tend to be higher than what youi likely would get as a trade in for the vehicle. And, car dealers will usually try to undercut the black book price, unless it is a really popular model in demand.
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Kurt:
What you want to check for wholesale or trade in value is the Black Book. This is what dealers use religously (at least around here) to determine trade-in value. It is published weekly, and regionally, so they reflect specific areas of the country and they are current. It is a summary, and average, of what specific makes and models sold for at auction in the region. They are usually only available to the retail auto industry but sometimes insurance companies subscribe to it as well. Edmund's, Blue Book, etc., are used by the retail auto industry, if at all, only to determine retail pricing. They are used by the insurance industry, which can be advantageous if a car is a total loss, as their wholesale prices tend to be higher than what youi likely would get as a trade in for the vehicle. And, car dealers will usually try to undercut the black book price, unless it is a really popular model in demand.
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