Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
38% - Moderately

Blue Book

Synonyms:cost catalogue, pricing guide
Filed Under: automotive
Tags: automotive

Definition of blue book

blue book
1. This term refers to the Kelley Blue Book which is an industry guide used by dealers to estimate wholesale and retail vehicle prices. The books are issued by many organizations, and are commonly available on the Internet or in the reference sections of public libraries. It is important to note that the books are not always blue in colour.

Related Terms and Acronyms:

  • base price   The cost of a car without options. This price includes standard equipment and the manufacturer's warranty.
  • book value   The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
  • depreciation   The gradual loss of value of a building or other property because of age or natural wear.
  • fair market value (FMV)   The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • full market value   In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value. Also full cash value.
  • manufacturer's suggested retail price (MSRP)   Stands for Manufacturer's Suggested Retail Price. It represents the manufacturer's recommended selling price for a vehicle and each of its options.
  • resale value   The sales price that would be negotiated by a willing seller and buyer for an existing home or property.
  • sticker price (MSRP, RRP)   This shows the base price, the manufacturer's installed options with the manufacturer's suggested retail price (MSRP), the manufacturer's destination charge and the fuel economy (mileage). It is the Monroney label affixed to the car window and is required by federal law. The label may not be removed by anyone other than the purchaser.

Search the Glossary

Current Canadian Rates
For the best rate information in Canada, make use of our up to date interest rate comparison chart. Our brokers are not even remotely afraid of advertising our competitor's rates because we know how we stack up.
Best Current Rate Information
Mortgage Rates
Wait! Before you apply for a mortgage through your bank, make sure you aren't leaving money on the table. Compare the best mortgage rates in Canada right now. It'll only take a minute, but you'll be surprised just how much you can save!
Mortgage Rates
Brand New Mortgage Calculator
Use our new mortgage calculator and strike a balance between maximizing your payment schedule and leaving yourself enough breathing room to live comfortably. By simply changing your mortgage amount, amortization period, interest rate, or payment frequency you can determine the best mortgage for your unique situation.
New Mortgage Calculator