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Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
For example, if you trade in a car with a market value of $10,000 and you buy a new car that's valued at $15,000, you'll only have to pay sales tax on the $5,000 difference.
Today, the average used car has around 70,000 miles, and some dealerships take in cars with up to 150,000 miles as trades. However, a vehicle with lower miles usually sells for a higher price than ...
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.
Certified pre-owned value: A certified pre-owned value is the value of a vehicle that has been inspected by third-party inspectors. Vehicles backed by certified pre-owned factors include a factory ...
The Anti Car Theft Act of 1992 specified that the information within NMVTIS be available to federal, state, and local law enforcement officials, insurance carriers, and other prospective purchasers (e.g., individuals, auction companies, and used car dealers). By making this information available across jurisdictions, forms of title fraud such ...