A travel trailer blue book is something like a price and value guide to help buy a used trailer. Scan through to find out more about this.
Pondering over buying a travel trailer or camping trailer? Well, seems like an exciting idea! But, actually going and buying it is certainly a tough job, than planning or thinking about it. Right? The question that arises then is what makes buying it tough? For starters the research, contemplating which one to buy and then zeroing in on one of the options, is a tough task. Moreover, you cannot even skip doing this because you just do not go to a showroom and tell them you want an XYZ model of a vehicle, pay the money, and drive out with it. A wise decision needs to be taken when you are buying such a big thing. Thankfully, there are blue books which can help you with that.
What is a Blue Book?
Its name is adapted from the 15th century term used for an almanac. The term specifically comes from large velvet colored books and ledgers used in the UK. As the world developed, the connotation and usage of blue book changed. In the recent past, the term has been used to denote pricing guide and a starting point for price negotiation of used automobiles. Be it a travel trailer or a swank sedan, it is the way to go. This book gives you a point of reference when it comes to checking out the prices of used vehicles. Going through it then becomes the first step in looking out for a used trailer or any other vehicle.
Blue Book Value of a Travel Trailer
This term refers to a very generic and non specific term used to denote the business of used travel trailers. It simply means the worth or the value of a used ones as per the book. It influences and determines the price of what the dealers are or would be willing to pay for a particular trailer. Primarily, these values are based on the model, make, and the year of the vehicle. However, this evaluation and appraisal is not as easy at it seems. There are numerous factors which are considered before the value is finalized. The process begins with analyzing the collected data that includes the current economic conditions, the historical trends, seasonality, location, and the industry developments. The final suggested value reflects the current and most reasonable selling price it will fetch in the market.
- Kelly:
Dating back to almost 1918, Kelly blue book is the Bible when it comes to pricing of used vehicles. This considers the actual prices of automobiles when it makes estimates and evaluation, usually barring the travel trailers. These prices are determined on the basis of the Manufacturer’s Retail Suggested Price (MSRP). However, there are some drawbacks in the way the value is determined with this pricing guide. Although all said and done, Kelly is good to give you a head start. - NADA:
National Automobile Dealers Association, or NADA, gives the buyers a holistic view of the pricing and financing of used vehicles. This trailer blue book provides the customers with a current review of the value and worth of a vehicle. Again, this too has faced a lot of flak when it comes to pricing, but still it is, akin to Kelly, a good starting point.
At the end of the day, you have to be very alert and do as much research as possible. In addition to that, check out the reviews. All these things will help you get the best bet.