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You've probably heard the term "blue book" before, but you might not know what it means. Is it like a little black book? Sort of, where cars are concerned.
What's a "Blue Book," and Why Should I Care?
A "blue book" refers to Kelley Blue Book . First published in 1926 by company founder Les Kelley, the book is named after The Social Registry, a book that listed the names of local movers and shakers commonly referred to as the "blue book."
Through the years, the book has become a trusted source of information for the automotive industry, sort of like an industry bible. It's kept up with the times, turning into a viable online resource. Use this "book" as a reference for obtaining important information on new and used cars as well as motorcycles and recreational vehicles. It's especially useful to determine a fair price on a vehicle.
Kelley publishes several versions of its books for different types of users. We'll take a closer look at two versions widely used by consumers.
Kelley Blue Book New Car Price Manual
Not surprisingly, this book offers information on new cars. Like what?
Manufacturer's suggested retail price (MSRP): This is the price suggested by the manufacturer, and it is (gasp) usually inflated. Included in the MSRP are the destination charge for the vehicle and the minimum required equipment cost. Kelley Blue Book also lists this information separately.
Dealer invoice: This is the price the manufacturer charges the dealer for the car. It doesn't include dealer expenses such as advertising, sales commission, and preparing the vehicle for display. Know this price before you begin looking at price stickers on the dealer's lot.
New car blue book value: This is the average selling price of the vehicle, taken from actual sales of the vehicle from dealers throughout the country. Often, there are regional price differences, due to variations in demand. A convertible in Seattle might be cheaper than one in San Diego.
Optional-equipment price: Want to know how much that optional sunroof will cost?Kelley Blue Book lists the price of certain options.
Kelley Blue Book Used Car Guide
Here's where you'll find the nitty-gritty on used cars, such as:
Retail value: This is the average listing price by dealers around the country. It's important to note that this is only the typical "asking" price on the vehicle, and that the actual selling price will usually be less. Sometimes a lot less. Because the retail value includes dealer costs such as advertising and sales commission, it will be higher than the private-party price.
Private-party value: Here's where you'll find an estimate of the price of a car if you were buying it from your next-door neighbor. Because an individual doesn't bear the burden of a dealer's overhead, this price will be lower than the retail value. Be aware, though, that the price isn't set in stone, since Kelley doesn't track all private-party used car transactions throughout the country.
Trade-in value: This is the typical price that a dealer would offer you for your used car. Again, this price is lower than what you'd receive from a private buyer.
The Online Experience
Kelley Blue Book has even more information, updated weekly. Here you can compare cars, check out safety ratings, read reviews, even shop classified ads and insurance carriers.
If you're looking at a new car, just go to the website and select the manufacturer, make, and body type of the car. The site will ask you to select your desired body trim and model year, as well as your zip code. It then shows pictures of your selection and tells you what's new for this year. It's simple and quick.
For used car information, you follow the same steps under the Used Car tab. It'll ask you what kind of price you want: retail, trade-in, or private party. Then you'll need to know the mileage and condition of the vehicle. Don't worry―a description is provided for each condition category. And if you still can't decide, fill out a condition quiz. Pricing information will appear, and you'll know how much to sell or buy your car for.
Still confused? The Kelley Blue Book site has an excellent Frequently Asked Questionspage to help you figure things out.
Note that the site has information on cars sold only within the United States.
Remember, many factors influence the value of a vehicle. Use the information from these books as a guide, not as the final word.
Other Sources
You can find much of this information elsewhere too, such as at sites like Edmunds.comor the NADA Guide. But Kelley Blue Book and its associate website are the most well-known, and probably the most widely quoted, information source.
A quick resource guide to find the DMV for your state:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida,
Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska,
Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina,
North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina,
South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington,
D.C. ,West Virginia, Wisconsin, Wyoming
National Traffic and Road Closure Information: http://www.fhwa.dot.gov/trafficinfo/
Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana
MaineMaryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska
Nevada New Hampshire New Jersey New Mexico New York North CarolinaNorth Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington State Washington, D.C. West Virginia Wisconsin Wyoming
National Information Links - Weather/Road Conditions Related
Intellicast Highway Conditions
National Weather Service Interactive Weather Information Network
Safe Travel USA - Weather and Road Conditions for the Upper Midwest
Weather Channel Travel Weather: Interstate Forecast or Interstate Map
Traffic Conditions Information
AccuTraffic - Traffic Information for States
Beat the Traffic Information for Various US Cities
SigAlert - Traffic Information for Various Major US Cities
Smart-Traveler Information for Various US Cities
Total Traffic Network - Traffic Information for US Cities
Traffic.com - Traffic Information for US Cities
TrafficLand.com - Traffic Cameras for US and other Cities
Regional Information Links
I-95 Corridor Coalition Traveler Information
I-95 Travelers Alert (from Starsystems)
State Departments of Transportation
State Transportation Web Sites
Alabama - Department of Transportation
Alaska - Department of Transportation
Arizona - Department of Transportation
Arkansas - Highway and Transportation Department (AHTD)
California - Department of Transportation, PATH: Partners for Advanced Transit and Highways, Division of Traffic Operations, Mass Transportation Program
Colorado - Department of Transportation
Connecticut - Department of Transportation
Delaware - Department of Transportation
District of Columbia - Department of Transportation,
Florida - Department of Transportation, Department of Highway Safety and Motor Vehicles
Georgia - Department of Transportation
Hawaii - Department of Transportation, Oahu Metropolitan Planning Organization
Idaho - Idaho Transportation Department
Illinois - Department of Transportation
Indiana - Department of Transportation
Iowa - Department of Transportation, Governor's Traffic Safety Bureau
Kansas - Department of Transportation
Kentucky - Transportation Cabinet
Louisiana - Department of Transportation & Development
Maine - Department of Transportation
Maryland - Department of Transportation, State Highway Administration
Massachusetts - Department of Transportation
Michigan - Department of Transportation
Minnesota - Department of Transportation
Mississippi - Department of Transportation
Missouri - Department of Transportation
Montana - Department of Transportation
Nebraska - Nebraska Department of Roads
Nevada - Department of Transportation
New Hampshire - Department of Transportation
New Jersey - Department of Transportation, Port Authority of New York and New Jersey
New Mexico - Highway and Transportation Department
New York - New York State Department of Transportation, New York Metropolitan Transportation Council, Port Authority of New York and New Jersey, Thruway Authority, New York State
North Carolina - Department of Transportation, Division of Highways, ITRE: UNC Institute for Transportation Research and Education
North Dakota - Department of Transportation
Ohio - Department of Transportation
Oklahoma - Department of Transportation
Oregon - Department of Transportation
Pennsylvania - Department of Transportation
Puerto Rico - Department of Transportation and Public Works
Rhode Island - Department of Transportation
South Carolina - Department of Transportation
South Dakota - Department of Transportation
Tennessee - Department of Transportation, Johnson City MPO
Texas - Center for Transportation Research, Department of Transportation, Texas Transportation Institute
Utah - Department of Transportation
Vermont - Agency of Transportation
Virginia - Department of Transportation, Virginia Tech Transportation Infrastructure & Systems Engineering Division
Washington - Department of Transportation
West Virginia - Department of Transportation
Wisconsin - Department of Transportation
Wyoming - Department of Transportation
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