What is the difference in in instant market value and kelly blue book retail value?

Asked by Jul 19, 2012 at 11:11 AM

Question type: Shopping & Pricing

2 Answers




KBB.com is a good resource to find out what finance and insurance companies use to determine a vehicles value (blue book value), but to determine what the actual cash value (what a dealer paid or will pay) I would suggest Edmunds.com (black book value). The instant market value is based on the average price for a particular vehicle listed on the internet. Dealer Profit = Purchase Price - (Cash Price Paid for Vehicle + Reconditioning and Inspection Costs)

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