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    What is Kelley Blue Book?

    When looking at used cars or looking into selling your car, you’ve probably seen the words “Kelley Blue Book” or “KBB” come up. Have you found yourself asking, “Well, what is Kelley Blue Book?” Don’t worry because TFC Title Loans can help you with blue book value for used cars.

    What is Kelley Blue Book?

    We have been helping customers with pink slip loans for more than 20 years. When our customers have wanted to figure out the blue book value for used cars before they committed, they’ve gone to Kelley Blue Book value for used cars and their online estimator. For an auto title loan lender that uses the blue book value for used cars to provide you with an online title loan, you can trust us to inform you of Kelley Blue Book.

    Brief History

    In 1918, Les Kelley opened up a used car dealership in Los Angeles, California. He would create a list of used cars that he wanted to buy from the local dealerships around him and determine the blue book value for used cars. Now, the Kelley Blue Book value for used cars is the standard used by dealerships across the nation.

    The auto industry began to use Kelley Blue Book value for used cars as a valuation service to fulfill the need for used car purchasing information by banking and insurance industries. The government used the Kelley Blue Book value for used cars to put a ceiling price on used cars after World War II. Until 1993, the book only existed as a “trade” publication. After 1993, a Consumer Edition was published, and now owners can access Kelley blue book car values through the website kbb.com.

    Kelly Blue book
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    Kelley Blue Book Values & Their Establishment

    So, what are Kelley’s blue book car values? Kelley Blue Book car values use actual transactions to come up with their analytical data. They collect used car purchase information to feed into their blue book value for the used cars database. They find their information from:

    • Wholesale auctions

    Dealers trade and sell at auctions for cars they think that they can sell at their establishment. They get these cars from other dealers, rental agencies, fleet owners, off-lease vehicles through financial institutions, and manufacturer demo/promotional vehicles.

    • Independent dealers

    These are everyday dealers that sell different types of cars makes.

    • Franchised dealers

    The specifically branded dealerships, which will tend to sell other brands of used cars.

    • Rental & fleet

    Rental agencies and fleets will send their used cars to auctions after at least one year of use.

    • Original equipment manufacturer (OEM)

    The equipment manufacturer will send used cars to auctions that had been for employees or promotional use.

    • Financial institution lessors

    When you lease a car, the financial institution owns it and you rent it. When the lease is up, they’ll either sell the car to the lessee or auction it.

    • Consumer private party transactions

    Kelley Blue Book tracks the consumer sale price each year.

    Kelley blue book car values

    Different Values

    To determine the exact blue book value for used cars, Kelley Blue Book follows its historical trends, current economic conditions, industry developments, seasonality, and the location of the consumer. Kelley Blue Book value for used cars focuses on four different value categories:

    1. KBB Private Party Value: the amount a buyer would pay through the private party
    2. KBB Trade-In Value: the amount the car owner would receive from a dealership
    3. KBB Suggested Retail Value: how much the dealer should sell the car to a consumer
    4. KBB Certified Pre-Owned Value: how much the dealer should sell the car to a consumer if the car is part of the automaker-certified pre-owned (CPO) program

    Now that you know what is Kelley blue book, search blue book value for used cars!

    How to Find My Car’s Value on KBB

    You can get an accurate estimate for the value of your car through Kelley Blue Book car values, an online estimator. It’s simple to use, even if you don’t know a lot about cars.

    1. You will first be asked to enter the year, make, model, and mileage of your car.
    2. The page will ask for your zip code or the zip code you plan to sell your car through so it can estimate your location prices. Then, you’ll be asked about the vehicle style. For example, a sedan or hatchback.
    3. You have the option to select the standard equipment included with your vehicle or if you have any specific features. If you have items like power lock, power window, CD/MP3, or any extra packages, we suggest you look through the options to get an accurate estimate.
    4. Even the color of your car will determine the price, so click on the color options which one is yours.
    5. Next will be the condition of your car. It ranges from fair to excellent, so try to be as honest as possible. Think about how well it operates and the condition of the exterior compared to the year and mileage.
    6. You will receive the blue book value for used cars, which you can switch between trade-in or private party. You also have the option to see the prices for fair to excellent.

    Come to TFC Title Loans!

    Once you’ve seen the blue book value for used cars, divide the value in half. That’s how much money you could get from TFC Title Loans!

    This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan in your area, we are able to help you with our large referral network.

    All of our referral partners are in compliance with the CFPB.

     

    Disclosures

    DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

    We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

    *Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

    *Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

    *Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

    *All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

    *The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

    *In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

    *Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

    *Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

    *Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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