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Private Party Value
This is the price a buyer may expect to purchase a used car from an individual not associated with a car dealer.
This valuation makes the assumption the vehicle is sold as is and without any warranty. Pricing
may be impacted by the vehicles mileage, condition and local markets regarding the demand for the vehicle. For example
local markets may have a higher demand for cars with good gas mileage.
Kelly Bluebook provides private party values based on the vehicle being in good condition.
Typically private party values are higher than used car trade in values.
This used car value typically referenced as fair market value when making an insurance claim or donating vehicles.
Kelly Bluebook Versus NADA Bluebook
Kelly Blue Book provides private party valuations for used cars, along with Trade In Values & Suggested Retail.
NADA does not provide private party values, instead they provide High Retail, Retail & Trade In Values.
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