Why is My Trade in Value Less than I Thought?

This is often a question people ask in Colorado.

Kelly Blue Book is a guide, a mathematical formula (algorithm), and all banks and financial institutions (that do business in Colorado) do not consider KBB valuations to be in line with reality.

You've heard about the mortgage markets being in turmoil. And certainly the auto industry. Well, in light of these two, all lending institutions are exercising due caution with regard offering loans on vehicles which have been over-valued by KBB and others. (And these institutions are under the scrutiny of the FED [Federal Reserve Bank] .)

These institutions, by their size and influence, render the (over) valuations of KBB to be virtually unusable. Yet because their values are in the public domain, it has the effect of creating uncertainty, if not confusion in the marketplace.