Glossary of Auto Loan Terms
(K)
Kelley Blue Book
The Kelley Blue Book is the authority on the market value of
vehicles. The value is derived based on an array of details,
including overall condition, number of miles and options. Most car
dealers use the book to help determine the trade-in value of a
vehicle or to set a price on a used vehicle. Individuals may find it
useful in negotiating for a purchase or trade-in. There is an online
option at www.kbb.com |
