We’ve all been there—whether you’re trying to sell a car, use a car for a trade-in, or just get rid of your collection of Cabbage Patch dolls, it can be difficult to set a price. Your value is intrinsically different from someone else’s, and while you may have fond, fond memories of playing with those Cabbage Patch dolls, a potential buyer might not be interested in something that has been accumulating stains and smells since 1984. Luckily for those trying to get a fair value for their used vehicle, Canadian Black Book exists. The Canadian Black Book is the de facto, numero uno, best resource available when it comes to finding a range of estimates and values for new and used vehicles—all across the country. Independent sellers use it, and so does Southtown Chrysler.
If you’re curious about how it appraises vehicles then read on, and you’ll never have any issues finding a vehicle’s worth again (while the same thing can’t be said about your stinky old dolls).
Average Asking Price
The Average Asking Price tool is great if you want to figure out what most people are willing to, and have paid, for a specific vehicle. There will always be outliers—think the guy who sold the Back to the Future Delorean for $541,000—but this Canadian Black Book tool will find out what the average price is. It’s as simple as:
- Entering your postal code, the model year, and odometer reading
- Selecting the trim level and style
- Selecting any add-ons or other options (such as colour)
From there, the Canadian Black Book will spit out an average asking price, alongside the average odometer rating. And it’ll look a little something like this…
Let’s face it, the rough and tumble world of private auto sales aren’t for everyone. After weeks of missed meetings, low-ball offers, and people offering to pay you in rolled coins, you’ll be hoping the next tire-kicker does so in open-toed sandals. Thankfully, here at Southtown Chrysler, we’re always happy to accept trade-ins from all makes and models. But we always caution that you come prepared with a price in mind, which is where the Black Book’s Trade-in Appraisal tool comes in handy. It’s super simple, just:
- Enter your postal code, along with the model year and odometer reading
- Select a trim level and style
- Select your add-ons and options
- You’ll be prompted with a question as to whether you’ve considered what vehicle you’ll be purchasing next. If you answer no, you’ll receive an appraisal. If you answer yes, you’ll be prompted with a couple further questions.
Again, it’ll look a lot like…
Canadian Black Book Best Picks
Another handy feature offered by the Canadian Black Book’s website, is a selection of Best Pick Vehicles. Simply put, these are the vehicles that offer you the best bang for your buck, whether it be something you can purchase for a great deal, or something that has retained its value exceptionally well over the years. These best picks are almost like stocks, they’ll fluctuate and change, depending on historical sales information, or one-off instances like recalls. Whether you’re looking to buy new or used, it’s always a great idea to check out what the Canadian Black Book has to say about a vehicle.
The Canadian Black Book is an invaluable tool, offering a number of services including the ones above. If you’re in the market for a new or pre-owned vehicle, or trying to appraise your vehicle’s value, check out the Canadian Black Book. Then bring that trade-in down to Southtown Chrysler, and we’ll get you into a great new vehicle!