![]() 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. But Edmunds offers successful services that compete directly with what Kelley Blue Book provides, so we suggest saving yourself a few clicks and letting us help you find your perfect next car.Your motorcycle blue book value is an estimate of how much your bike is worth in the private market. Ultimately, Kelley Blue Book is a good resource to use when trying to determine your vehicle's value or when shopping for a new car or used car. One major advantage of the Edmunds program is that you won't be contacted by numerous dealerships and are free to redeem your offer within seven days. If you're looking to sell your pre-owned car, Kelley Blue Book offers a service much like Edmunds' popular instant offer program. Good, or perhaps Very Good, would be a better starting point for the condition of your used car. Many people tend to overinflate their car's value and label it "excellent" when, according to Kelley Blue Book, only 3% of vehicles fit that description. When determining the value of your used car, Kelley Blue Book will give you a price based on four condition levels: Fair, Good, Very Good and Excellent. If you're selling your vehicle, you can use the values to check what its trade-in value is. 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. The market value can be used in a number of buying and selling scenarios. When a car buyer asks for the "Blue Book price," what they actually mean is that they're looking for an accurate car value in the current market. ![]() Here on Edmunds, we have similar pricing data on cars and much more. In 2010, Kelley Blue Book was acquired by Autotrader, and the brands now are closely interconnected under the Cox Automotive umbrella.īut Kelley Blue Book isn't the only place to find car prices these days. 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 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, or KBB for short, is an automotive shopping website.
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