Truck Value: What Is My Truck’s Blue Book Value?

Posted on December 25th, 2008 by admin under book truck values, nada truck values, truck blue book, truck value, truck values, used truck value.
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The worst thing that you can possibly do when buying or selling a truck is a simple mistake.

Not understanding what your truck is worth!

The value of your truck is influenced in part by its blue book value, wear-and-tear, damage, and many other factors. So it’s important to understand how trucks are valued.

For the most part, the blue book value is an indicator of the true value of a truck.

The blue book value quotes is a median (middle-of-the-road) selling price for a vehicle. It’s not the highest price, not the lowest – so it takes into account an “average” amount of wear and tear to a truck (and let’s face it – trucks are work vehicles… a little bit of damage, some chipped paintwork – it’s expected!)

But if your truck has a lot of damage, or is in pristine condition, then your truck could be worth a lot more, or a lot less.

How much more or less?

Well, this is a function of the market – how much someone is willing to pay.

Obviously buyers and sellers both want to get the best deal possible.

Truck-owners want to get the biggest price for their truck;

And truck buyers want to get a bargain.

So naturally they will find a price that’s somewhere in the middle.

This is why the truck value blue book (the official Kelley’s book, or the NADA book, or another market value) is a reasonably good indicator of what a a truck is truly worth.

For all those who can’t get enough truck tips, have a look at the following posts:

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