hey does "Declaration of Buyer and Seller Regarding Value of Used Vehicle Sold" OVER WRITES blue book vallue??

The blue book value is broken down between "wholesale" which is trade in value, "private party" which is sale between two people and "retail" as if bought on a car lot. Further, features such as condition, amenities and options on the car as well as mileage and the "geographical market" also factor into the "blue book" value. The term "blue book" is a slang borne out of the use of the Kelley Blue book which is one reputable source for said values that many in the industry use as a benchmark for vehicle valuation. There are others too. However, take for instance a vehicle that has seen unusual wear or has issues not covered under the definitions of "blue book value" such as flood damage, blown engine, or other issues. Being that I am a Mechanic by trade, I will sometimes buy a vehicle from a customer who has a blown engine for instance. They don't want to invest the money in fixing it, but aside from some mechanical maladies, it is otherwise a great vehicle. Say this vehicle is booked at $10k if it had a good engine but since the engine is shot, I and the owner would overwrite the value in writing stating it's current value "as is" is only $6000.00 This would be an example of where particular circumstances would override normal valuation. Same with a flood damaged car or say a car with a tree on it. I would want to value it this way to keep the tax on the car from being levied based on the value of the car without damage. Hope that's helpful

The actual market place is what sets a vehicle's value. Blue book is only a guide and has no true bearing in the retail market, nor can it be used as a basis for complaints. Lenders have their own retail loan value and dealerships go by either similar auction units or black book.There is no set value on any car. A car is worth what someone is willing to pay, not what a Declaration or website claims. I hope this helps to clarify.