2016 Jeep Compass Kelley Blue Book Value
Your Guide to Understanding Blue Book Values for ATVs
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Owning an all-terrain vehicle (ATV) can be tremendous fun. These ATVs combine the sturdiness of small cars with the ability to ride in off road terrain. They can go places that normal cars cannot travel, either due to a lack of roads, or due to forest-like landscapes.
Some of the best ATVs include:
- Kawasaki Brute Force 750 EPS - Available for $10,599
- Yamaha Grizzly EPS - Available for $9,699
- 2018 Honda TRX90X - Available for $3,049
- 2018 Can-Am Outlander X MR 570 - Available for $8,699
Knowing the Blue Book value for an ATV is important when buying or selling an ATV. This will help you determine the appropriate price for the vehicle.
How Is Blue Book for an ATV Determined
One of the best price estimators for the resale value of an ATV is the Kelley Blue Book Value. Kelley is a company that has developed a well-reputed, proprietary, formula for valuing automobiles and other vehicles for dealership trade-ins.
The Kelley Blue Book Value is determined by taking into account a number of factors about the state of the vehicle and the resale market, including:
- Make and brand of the vehicle
- Year of manufacture of the vehicle
- Accident history
- Historical prices of similar vehicles
- Regional sales data
- Recent transactions
- Warranty eligibility
Kelley Blue Book values are published by the company. Other third parties publish their own measures of blue book value using similar criteria.
Blue Book Value Example - 2017 Honda TRX90X
To understand how the Blue Book Value for an ATC fluctuates with the condition of the vehicle, we will compare two ATVs. The first is the 2017 Honda TRX90X. This is a fairly new model from Honda. The TRX90X features an 86cc four-stroke single-cylinder engine, an electric starter, automatic clutch, and 1.7 gallon fuel capacity.
The ATV has a height of 36.5 inches, a width of 35.2 inches, and a length of 58.6 inches. Its turning radius is 8.3 feet. This vehicle, according to the Kelley Blue Book value, has a Blue Book Value of around $1,665.
Compare this to the price of the one year newer 2018 Honda TRX90X, which is available for around $3,049.
Blue Book Value Example - 2018 Yamaha Grizzly EPS
A second comparison of the 2017 Honda TRX90X Blue Book Value is the 2018 Yamaha Grizzly EPS. This is a vehicle about a year newer than the 2017 Honda TRX90X. However, due to its brand and features, it has a Blue Book Value that is much higher, at around $5,840 when trading in at a dealer. These differences show some of the nuances in the calculation of Blue Book Value.
Buying Tips to Get the Best ATV
When buying an ATV, you want to exercise caution not only because of the high amounts involved, but because of the costs of ownership. The price you pay the seller is only the first expense in your lifetime of ownership of the ATV. Any ATV will need somewhat regular maintenance, oil changes, wheel replacements, engine checks, and other parts replacements.
You therefore need to conduct a thorough inspection of an ATV before you buy it. This inspection should, ideally, be done in-person. Check the wheels and the chassis of the ATV. Look for cracks and other structural weaknesses. You might also choose to have a mechanic inspect the engine on your behalf and give you an impartial report on the structural integrity of the ATV.
If the ATV shows considerable structural damage, you might be better off not buying it since it might cost you more in repairs in the long run.
Why Actual Trade-In Value May Be Different from Blue Book Value
The Kelley Blue Book value for an ATV is often somewhat different from what a dealer will actually pay for your all-terrain vehicle. This is because dealers make adjustments in their appraisal of an ATV before they complete the transaction. These adjustments, based on factors such as unique details about your vehicle, will affect the transaction price.
For example, if you are trading in your old ATV at a dealer to get a new one, the dealer's interest will be in giving you a price somewhat less than the Blue Book Value. This may be motivated by a concern to build in a margin so they can sell on your old ATV to someone else who wants it, at a profit. In addition, the dealer may adjust the price downwards to account for any damage that your ATV may have incurred during the years that you were operating it.
Sometimes, for instance if you have replaced old parts with new ones, a dealer may appraise the ATV higher than Blue Book Value.
2016 Jeep Compass Kelley Blue Book Value
Source: https://www.life123.com/article/your-guide-to-understanding-blue-book-values-for-atvs?utm_content=params%3Ao%3D740009%26ad%3DdirN%26qo%3DserpIndex