Kelley Blue Book, or KBB for short, is an automotive shopping website. The company dates back to the late 1920s, when it published an actual blue book that dealerships referenced to provide car values and pricing information. Kelley Blue Book's car prices were so commonly used by dealerships that the term "Blue Book" became a part of dealership lingo, and many car shoppers eventually adopted it as well.
The market value can be used in a number of buying and selling scenarios. If you're a new- or used-car buyer, you can use the Edmunds or Kelley Blue Book car price to help determine a fair market range to pay at the dealer. If you're selling your vehicle, you can use the values to check what its trade-in value is.
In 1779, Von Steuben's publication, "Regulations for the Order and Discipline of the Troops of the United States," was ready to be printed. Due to the war, however, there was a scarcity of paper. The first printer decided to bind the book with the blue paper he had on hand. This is how the book got the nickname: The Blue Book. In March of 1779, Congress endorsed it and ordered it to be used throughout the Army. Many of the state militias also adopted the Blue Book. In 1792, Washington pushed through the Uniformed Militia Act, which included the use of Von Steuben's regulations.
For a used motor vehicle, the fair market value is the value identified in the state motor vehicle assessment manual. This value is calculated by averaging the current wholesale and retail values of the motor vehicle pursuant to O.C.G.A. § 48-5-442. Accordingly, the fair market value for a used motor vehicle for purposes of TAVT will generally be the same as the value that was used in the old annual ad valorem tax system.
If you're planning to buy or sell an antique automobile, it's essential that you know how much the vehicle is worth. Antique car blue book values can help you determine what to ask or offer for a car as well as options and colors that were available and can add further value. Use price guides to get an idea of a car's value.
Over the years, the term "blue book" has come to be synonymous with the term "price guide." Since 1926, car buyers and sellers have used the Kelley Blue Book (KBB) to determine the values and pricing of new and used cars. Originally a trade publication, the first consumer edition of this popular used car price guide was published in 1993.
While KBB used to produce a twice-yearly blue book for antique car collectors (called Kelley Blue Book: Early Model Guide), they no longer provide it. However, an online tool is available for cars 25 years old and newer.
This service is not designed to provide a detailed appraisal on a particular serial number. Even on the simplest aircraft, the variables are so numerous and complex that prices can and do vary even between consecutive serial numbers of the same type. An on-site inspection of the aircraft and its records by a qualified appraiser can reveal a much different value. Additionally, the aircraft resale market is a dynamic environment, and prices can change from month to month. There are many intangibles that should be considered. These include the availability of a particular model, damage history (or lack thereof), maintenance history, and quality of refurbishments and upgrades. The AOPA Aircraft Valuation Service can be used as a good starting point when attempting to determine the general retail value of an airplane. However, the true value of an aircraft can only be ascertained on a case-by-case basis resulting from a mutual agreement among the buyer, seller, and lender. VREF optionally provides additional services that allow pilots to receive a more accurate appraisal and VREF Verified values. More information on upgrading to the optional, advanced VREF services can be found within the AOPA VREF app. 2b1af7f3a8