![]() That's an unattractively high price for individual owners, but dealers and fleet managers can easily turn this into a profitable investment. Otherwise, it might be preferable to use Black Book and save your money.Īn online version of Red Book is also accessible at all times for $249.95. The Red Book could prove useful if you want to know how much your old rig is worth. An annual subscription is available for $115. The second, titled "Older Car & Light Duty Truck," retails for $33.95 and focuses on vehicles that are 7 to 15 years old. The first, at $31.95, contains data on 6-year-old or younger vehicles. Two written documents (English only) are at your disposal. Red Book lists wholesale and retail values for specific vehicles based on the year, make, model, kilometres, and options. You can double-check this information on websites like. Lastly, Black Book provides the average asking price in real time. This way, you'll know when getting rid of it makes the most financial sense. You can also have a general idea of how your car will depreciate over five years. You will get two different trade-in values (Low and High) based on the condition and mileage of the vehicle. Year, make, model, equipment and kilometres are taken into account. You can determine the amount a dealer will likely offer in exchange for your vehicle. Aside from their different colours, they all provide similar services and data to help owners determine the market value of their car.Īt the moment, Black Book is the only one available online for free. In Canada, Black Book, Red Book and Sanford Evans' Gold Book are the top references available. A number of tools and resources are available, but it can be tough to sort everything out and prepare oneself to successfully negotiate future transactions. ![]() When the time comes to sell or trade in a used car, everyone's biggest fear is getting screwed and shortchanged.
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