How to use the canadian black book properly

How to use the Canadian Black Book properly

We have all heard of the famous “Canadian Black Book”, the monthly publication regarding used vehicle market in Canada. The publication is divided into two books one devoted to cars, the other one to trucks and vans. The book will list all makes and models of vehicles that are available for sale in Canada, dating back to as far as 7 years. The model of the vehicle will further break down to different trims and special packages that are available for the vehicle. For example if you are looking for the value for a 2005 Toyota Camry LE, you will first find Toyota, and within the make you can pick out Camry, and last the trim of LE. From that trim you will see packages such as A package or B package with note to indicate if you should add $500 or deduct $500 from the value. The book will offer you a range of value from rough, to average to clean and extremely clean. The four categories of the prices will be used to judge a trade in value for a vehicle.
The book is used for guide purposes only; there is no fixed value for a particular vehicle. Market condition will dictate the value of the vehicle more accurately, because at the end of the day Canadian Black Book publication will not send you a cheque for a vehicle you brought to them. This publication is only for educational purposes with no real guarantee the vehicle will be worth the same as the amount published. Due to recent importation of many U.S vehicles into Canadian border, the used car market has been declining in both activities as well as selling price. Compare to the Canadian Black Book the wholesale value for many vehicles are well under the book’s guideline.
So the next time you are trying to determine the exact worth of your vehicle, take it with a grain of salt, because at the end of the day it is the buyer who will be paying for your car, not the Canadian Black Book value. Thank you for reading this article it is brought to you by No Credit No Problem Canada, the latest online credit processing center for city of Toronto. Visit us online for more information at http://www.nocreditnoproblem.ca

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