Trying to trade in your current vehicle in Concord or the surrounding areas? Concord Mazda is here to assist. We use a Black Book calculator to provide our customers throughout the greater Oakland region with current trade-in estimates and offers. But what are Black Book car values, and how do they differ from Kelley Blue Book values? Keep reading for the answers, or feel free to contact us online with any other questions you may have.
The trade-in valuation provided by Kelley Blue Book is commonly referred to as the “Blue Book” trade-in valuation. It’s used by many car dealers, both locally in Concord and far out past Walnut Creek, because it is free and requires no monthly payment. It ranks cars into four main categories: excellent, good, fair, and poor. That said, Blue Book valuations are sometimes on the higher end of what’s considered normal or fair, especially when buying a new vehicle. Accordingly, if you’re trying to value your trade-in, you may not get as much as the Blue Book valuation would suggest, which can seem misleading to some drivers.
What is Black Book value? Many dealerships, including us here at Concord Mazda, use Black Book trade-in valuations. It often provides more up-to-date information about car and truck transactions than Kelley Blue Book, making it potentially more accurate. Why? Black Book updates the dealer invoice and MSRP of vehicles weekly.
As you can see, Black Book and Blue Book values both serve a purpose. Here’s a rundown on the main differences between Black Book vs. Blue Book for your convenience:
We believe in being upfront and honest, especially with our customers. That’s why we make sure you have the most accurate, up-to-date information by using Black Book values for everything we do. Whenever you’re ready to determine your current vehicle’s worth and upgrade to a new-to-you vehicle, we encourage you to reach out to our finance specialists at Concord Mazda.
