Canadian Blackbook Trade-In Value

So you are considering selling your car, or trading it in on a new one, and you ask yourself, "What's my car worth"? You may even ask a friend or a relative this same question, but without including significant details, they are in the dark just as much as you are. Someone in your circle may have known someone who sold a similar vehicle a few years ago, but that really isn’t much help is it?

For over 50 years these questions have been answered by Canadian Black book more accurately than any other source. Canadian Black book has been the go-to provider for the Canadian Automotive industry for wholesales and residual values and used car prices for over a half century. Canadian Black Book values are now available on a vehicle's future value, trade-in value, as well as the average asking price. This is true of both new car and used car values.

Trade-in Value Tool

This tool will provide you with an estimated value of your vehicle for trade-in. Simply outline your vehicle and receive an estimated rate.

Future Value

The future value tool shows the expected long term worth of your vehicle. The achieved estimate is an approximation for a 1 to 5 year period.

Average Asking Price

This is a very important tool for both buyers and sellers. This is a great way to ensure that you are getting the best value with a sale or purchase. Canadian Black book researches thousands of listings, establishing the most up-to-date vehicle asking price.

Additional Pertinent Information

• Aside from cars and trucks CBB has detailed information about commercial vans
• Quoted prices factor in the vehicle’s optional equipment, and the mileage.
• Pricing is for Canadian vehicles

Tips for Selling Your Car Privately

1. Have a goal in mind for your price. Predetermine what you are willing to let your vehicle go for after you have researched the value of your car. Go into negotiations well informed.
2. Buy a history report of your vehicle to show to potential buyers. The most commonly used report system is CarProof.
3. Make sure that your car is presentable. Spend the time and effort to clean the interior and exterior, and make any minor repairs. First impressions are reserved for only one occasion – make it work for you.
4. Spend your advertising dollars wisely. The most effective methods for advertising are online bulletin boards such as Kijiji, or Craig’s List. Display as many photos as you can with your online ad. A well-displayed, easy to read sign in your car window gives you great exposure. The daily newspaper classifieds is also a good resource.
5. Don’t be afraid to negotiate. The buyer will expect that you are asking more than you are prepared to settle for, so anticipate a negotiation, but remember rule #1 – have a goal that you want to stick to.