The motorcycle blue book values that Kelley Blue Book gives are based on several data points, including sales transactions and auction prices. On the other hand, buyers will want to highlight the $9,000 blue book value from J.D. In this scenario, anyone selling their motorcycle or negotiating with their insurance company should point to the $10,000 blue book value from Kelley Blue Book. Take both figures into account when selling, buying or negotiating with your insurance company and using the blue book value that most benefits you.įor instance, let's say KBB claims your used motorcycle's blue book value is $10,000, but J.D. KBB also lists a set of extra features for different bikes and how much they add to the value of a used motorcycle. Kelley Blue Book's site only requires a used motorcycle's make, model and year in order to get a blue book value. NADA's site even allows you to select customized equipment. Power bike values, all you need is a used motorcycle's make, model and year and your ZIP code. Both companies offer free values, which you can check on their respective websites, and both use sales transactions when calculating a used motorcycle's value. To find out what a motorcycle is worth, check out Kelley Blue Book and J.D. You can consult different sources for a motorcycle's blue book value, but each company will use a different methodology, resulting in a different blue book value from each. If you're attempting to sell your vintage motorcycle, for example, you might get a sense of your asking price by consulting its motorcycle blue book value to ensure you'd receive a fair amount in a sale. For instance, you could hire an independent appraiser to calculate a value for your used motorcycle and then present this figure to your insurance company.Īdditionally, anyone who is looking to either buy or sell a motorcycle would also benefit from knowing a motorcycle's blue book value. There are other ways to negotiate with your insurance company after an accident that don't require you to research your motorcycle's blue book value. If the blue book value was $20,000, you might be able to get a better settlement, which means more money toward a replacement bike. If it was totaled, you'd be reimbursed for $15,000 (the current market price) minus your deductible. If your motorcycle's blue book value is more than what your insurance company is offering you, you'll want to point this out to your insurer.įor example, say you bought your Harley-Davidson motorcycle for $25,000, but your insurer maintains it has depreciated to $15,000. One approach that you can take is to compare what your insurance company claims the market value for your motorcycle is to the motorcycle blue book value for your bike. If you feel the settlement your motorcycle insurance company is offering you is low, you can negotiate with your insurer using evidence of your bike's value before the accident. Knowing a motorcycle's blue book value can be helpful to a lot of motorcycle riders, especially riders looking to sell, buy or negotiate with their insurance provider for a higher claim payout. Why you should know your motorcycle's blue book value Each company that provides blue book values for motorcycles has its own value methodology. However, today, motorcycle blue book value is a generic phrase, simply referring to an expert estimate of a vehicle's value. The term "blue book value" was popularized by Kelley Blue Book, an automotive research company. In other words, if you're looking to sell or buy a motorcycle, a motorcycle's blue book value is a baseline for how much you should expect to either pay or receive in a transaction. While your Black Book Value is the most trusted source out there, it should be considered a guideline only.Your motorcycle blue book value is an estimate of how much your bike is worth in the private market. Factors like supply, demand, location, and economic environment affect a vehicle’s market price. *Note: Vehicle values can change daily, so it’s important to know that this is an estimate only. You have nothing to lose.except your misconceptions about the value of your vehicle. The people at Canadian Black Book are as plugged in as anyone, and they have the most reliable, up-to-the-minute data available.īest of all, it’s free! So if you’re considering selling your vehicle, get your Black Book value first. The market is always changing, so it’s great to have an unbiased third-party do your work for you. Whether you’re a first-time car seller or a seasoned vet, Canadian Black Book is incredibly valuable. This value - which is based on sales data, auctions, brand equity, and the pricing of similar vehicles across Canada - is the most accurate estimate a consumer is likely to find. Canadian Black Book is a service that allows drivers to learn the estimated value* of their pre-owned vehicles (aka their “Canadian Black Book value”).
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