The term “Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.

“Fair” condition means that the vehicle has some cosmetic defects that require repairing and/or replacing and requires some mechanical repairs. The paint and bodywork may require refinishing and body repair. The engine compartment has leaks and may require a tune up. This vehicle may have some repairable rust damage.

The best ways to determine a car's worth is by using valuation guides like Kelley Blue Book and looking at live prices online and at dealerships. It's vital to know a car's value before you start any transaction to sell, trade in, buy or refinance a vehicle.

There are several different ways you can get the book value of your vehicle, including:

1. Kelley Blue Book.
2. J.D. Power.
3. Edmunds.
4. Car and Driver.
5. Autotrader.

A “good” vehicle will need some reconditioning to be sold at retail. Most consumer owned vehicles fall into this category. Fair – condition means that the vehicle has some mechanical or cosmetic defects and needs servicing but is still in reasonable running condition.

According to the Internal Revenue Service, a FMV is an estimate of the sales amount that a private seller and buyer would agree to for a vehicle. In contrast, a trade-in value is what a dealership would offer.

Traditionally, any value under 1.0 is considered desirable for value investors, indicating an undervalued stock may have been identified. However, some value investors may often consider stocks with a less stringent P/B value of less than 3.0 as their benchmark.

For example, you purchase a car. At the end of the year, the car loses value due to depreciation. Its book value is its original cost minus depreciation. When you purchase an asset, you must record it at its book value in your small business accounting books.

Used - Acceptable: All pages and the cover are intact, but shrink wrap, dust covers, or boxed set case may be missing. Pages may include limited notes, highlighting, or minor water damage but the text is readable.

"Very Good: A book that does not look new and has been read but is in excellent condition. No obvious damage to the cover, with the dust jacket (if applicable) included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins.

DCF is the most widely accepted method to calculate the fair value of a company. It is based on the premise that the fair value of a company is the total value of its future free cash flows (FCF) discounted back to today's prices. FCF is the company's incoming cash flows less its cash expenses.

To determine the fair value of a product or financial investment, an individual or business may look at actual market transactions for similar assets, estimate the expected earnings of the asset, and determine the cost to replace the asset.