Black Book vs. Blue Book Trade-In Valuation

Man Sitting at Desk Doing Calculations

 

When you’re valuing your trade-in near Springfield, you can turn to Mercedes-Benz of Eugene for help. We use black book values to determine the trade-in amount, so you can get the most up-to-date trade-in estimates in the area. What is black book values and how is it different from blue book values? Keep on reading in our Black Book vs. Blue Book guide as our finance team explains the difference below!

What is Blue Book Value?

Most drivers rely on the Kelley Blue Book trade-in tool to find out how much their car is worth currently on the market. More commonly referred to as “Blue Book,” this tool is free, so it is extremely accessible for both local drivers as well as many car dealers alike. The Blue Book ranks cars by four main categories: excellent, good, fair, and poor. Its valuations can sometimes be on the higher end of what’s considered normal or fair, especially when buying a new model. When it comes to valuing your trade-in, you may not get as much as the Blue Book valuation would suggest, which can be misleading at times.

What is Black Book Value?

Since Blue Book is free, most Roseburg drivers have probably only used that for estimate trade-in value, leading them to wonder “What is Black Book value?” Many dealers, including Mercedes-Benz of Eugene, uses Black Book to make our trade-in offers as the information is more updated than the Blue Book. Since the Black Book updates the dealer invoice and MSRP of vehicles weekly, it tends to be more accurate.

Black Book vs. Blue Book Trade-In Value Meaning

Depending on what you use, the trade-in value meaning will be different. Take a look at the quick summary on the Black Book vs. Blue Book below:

  • Black Book: Used more by dealers. Provides more accurate up-to-date information (especially with new car pricing) because of weekly MSRP & dealer invoice updates.
  • Blue Book: Used more by consumers because it’s free. Offers a grading scale for vehicle conditions from poor to excellent. KBB Instant Cash Offer adds convenience and accessibility.

Find Your Trade-In Value Online Today!

While you might have used the Kelley Blue Book trade-in tool at home to search up the estimated value of your car beforehand, our team at Mercedes-Benz of Eugene can reassure you that we only uses the most accurate information to determine our offers. In addition to being transparent, we are also committed to showing all of the options available in the Corvallis area, including trading in a financed car. Contact us for more information today!

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