When it’s time to discover the trade-in value of your vehicle in Elgin, look no further than Biggers Chevrolet. We utilize the Black Book calculator to give our customers the most current trade-in estimates available from Schaumburg to Streamwood. But what exactly does this entail, and how do Black Book values compare to Blue Book values? Continue reading for insights, or contact us to learn more!
The trade-in valuation by Kelley Blue Book, often simply referred to as “blue book,” is a popular method among dealers due to its cost-free access. Kelley Blue Book categorizes vehicles into four conditions: excellent, good, fair, and poor. However, it’s worth noting that Blue Book valuations can sometimes appear higher than what might be considered normal, particularly when purchasing a new car. This discrepancy can lead to misunderstandings for some Bartlett residents expecting higher trade-in values based on Blue Book figures.
So, what is Black Book value? It’s a type of trade-in valuation extensively used by dealers, including the team at Biggers Chevrolet in Elgin. Black Book often offers more current transaction data for cars and trucks than Kelley Blue Book, potentially leading to more precise valuations. This accuracy is due to the Black Book’s weekly updates on dealer invoice prices and MSRP.
Black Book and Blue Book valuations each fulfill unique roles. Here are the key differences between Black Book vs. Blue Book values for your reference:
At Biggers Chevrolet, transparency and accuracy in trade-in valuations are paramount. That’s why we rely on black book values to ensure we offer our customers truthful, current information. Our online trade-in valuation tool, powered by Black Book, simplifies obtaining an estimate for your vehicle. And for Elgin customers preferring a Blue Book-based instant cash offer, we provide that option as well for ultimate convenience.
