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Kelly Blue Book for used cars ???
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Question
Roop-Dogg
im helping my brother buy a used car. when i look up value s in kelly blue book, there are three columns: trade-in, private party, and retail. i certainly understand the trade-in column but am completely at a loss as to why there is such a $ difference between private party value and retail value. basically what i read into this is that if there are two identical cars, one at a private party and one on a car lot they will be asking two different prices. i would think the value would be the same. why would i buy the one at the dealer?? where am i going wrong with my logic. or better yet which column should i use when looking up the value of a used car. do you really need to use two different columns depending on who the seller is.
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