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Are Kelley Blue Book Values Accurate and Reliable?
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Private Party Value Private Party Value is what a buyer can expect to pay when buying a used car from a private party. The Private Party Value assumes the vehicle is sold "As Is" and carries no warranty other than the continuing factory warranty. The final sale price may vary depending on the vehicle's actual condition and local market conditions. This value may also be used to derive Fair Market Value for insurance and vehicle donation purposes.
Kelley Blue Book
Suggested Retail Value The Kelley Blue Book Suggested Retail Value is representative of dealers' asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the vehicle has been fully reconditioned and has a clean Title History. This value also takes into account the dealers' profit, costs for advertising, sales commissions and other costs of doing business.
The final sale price will likely be less depending on the vehicle's actual condition, popularity, type of warranty offered and local market conditions.