Using Kelley Blue Book (KBB) to determine fair value for your car donation
Kelley Blue Books remains one of the leading ways to determine the price of your car. Learn more about the history behind KBB and the modern advances they have made, including a website, making their predictions even more accurate.
When you are thinking about selling your car or donating it to a charity the best resource to determine its Fair Market Value is Kelley’s Blue Book. Kelley’s Blue Book is the number one leading tool out there when it comes to selling your used vehicle. 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.”Over the years, it has become a trusted source of information in the automotive industry. This book can be used 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.
The online experience allows for more accurate information and values, as it is updated on a weekly basis.If you’re looking at a new car, just go to the website and select the manufacturer, make, and body type of the car. From there the website will ask you about your desired body trim and model year. In addition it will ask for your zip code. The it will show pictures of your selection and tell you what’s new for this year. It makes the whole process quick and simple. Making it one of the easiest things you do all day.
If you’re looking for used car information, follow the previous steps under the used car tab. From there 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. The website is self explanatory and provides a description for each condition category. There is even a condition quiz if you still can’t decide. Pricing information will appear, and you’ll know how much to sell or buy your car for.
There are a few important things to remember when using Kelley Blue Books as a resource. First, this site is only for cars in the United States. Secondly, many factors influence the value of a vehicle. Remember to use these books as a guide, not the final word.
Donating your old car to charity is a perfect way to do good and get a tax return. Kelley’s Blue Book allows you and the charity to estimate the tax return that you will receive. Consider donating your car to the Carsgofar service by Neshama Foundation. This 501(c)(3) organization ensures that 100% of the profit from your car donation goes to the multiple children’s charities that they support.
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