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Kelley Blue Book, Edmunds and NADA are all great tools to determine your car value. The best tool is a personal decision and depends on what you are trying to accomplish by valuing your vehicle.
Agreed value vs. actual cash value ACV is the standard reimbursement method for a regular car insurance policy. It is the value of your vehicle at the time of a loss, which includes depreciation.
Ultimately, the choice is yours, but always check your car’s value on Kelley Blue Book or Edmunds before selling or approaching a dealership. More From GOBankingRates 4 Low-Risk Ways To Build ...
Find Out: How To Get Cash Back on Your Everyday Purchases. Factors Affecting a Car’s Value. ... According to Kelly Blue Book, owners overvalue their vehicles when setting an asking price. Note ...
In 2000 the company introduced True Market Value, a service that analyzed a variety of factors to offer a suggested transaction price for vehicles. [7] That same year, the company introduced simple websites for web-ready mobile phones and PDAs. [8] In 2005, Edmunds.com launched Inside Line, a free online magazine for automotive enthusiasts. [5]
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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