What is the term for the price Kelley Blue Book considers to be the correct amount one should expect to pay for a car?

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asked Oct 6, 2019 17.5k views

2 Answers

Desautelsj · Answer 1 · 2019-10-09T23:13:25+0000

I believe the answer is: Book value

The number in the book value is made after considering two things; the price when we acquire the asset and the amount of depreciation or appreciation.

Selling an asset on book value is the bare minimum needed for the sellers to not experiencing a financial loss

What is the term for the price Kelley Blue Book considers to be the correct amount one should expect to pay for a car?

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