What is Red Book Canada?
Red Book Canada is a used auto pricing guide covering model years 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012 and 2013 for those vehicles sold in the Canadian automobile marketplace.
What Auto Manufactures are included? All major vehicle manufactures selling automobiles in Canada are included in our listings with those being as follows; Acura, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Eagle, Ford, Geo, Honda, Hyundai, Infiniti, Isuzu, Jaguar, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, Mercury, Mini Cooper, Mitsubishi, Nissan, Oldsmobile, Plymouth, Pontiac, Porsche, Saab, Saturn, Subaru, Suzuki, Toyota, Volkswagen, Volvo, GMC, Hummer, and Land Rover.
Fair Market Purchase Price is the amount consumers typically are paying for this vehicle. It is based on actual vehicle transactions from across the country and adjusted regularly as market conditions change. Fair Purchase Price is determined by collecting thousands of actual consumer vehicle purchase prices from thousands of franchise dealerships from across the country each week.
Our Fair Market Purchase Price data is derived from a wide variety of sources to ensure we are collecting enough data to represent vehicles down to the optional equipment level. We collect actual car sale prices direct from some of the largest dealer groups in the country, data from national vehicle registration databases and several other reliable third-party sources such as dealer only auctions from across Canada.
What Canadian Provinces are Covered?
The Red Book Canada pricing guide covers all Canadian provinces, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland.
Cost To Own
Cars cost a lot more than their purchase price. We help you understand what a car will cost beyond its purchase price when you consider out-of-pocket expenses like fuel, maintenance and insurance, plus the car's loss in value over time (depreciation).
The bottom line is: Sometimes, even more expensive car could actually save you money over the first five years of ownership. Knowing the difference could help keep money in your pocket. Some of the differences are easy to understand. If Car A gets 30 MPG and Car B gets 25 MPG, you'll have to fill up more often and spend more money at the pump with Car B.
Other differences aren't as obvious. Like depreciation. All cars start to lose their value the moment you drive them off the dealer's lot, but certain cars hold their value better than others over time.
This is the price a dealer will offer for your car with the understanding that the value of your trade in will then be applied to the purchase or lease of a new car. Trade in value is normally somewhere around wholesale value. It is the value of what the car would bring at a wholesale auction. Of course this value can be more than wholesale if the car is in excellent condition, or the dealer offers more.
You are almost always better off selling the car to a private party, and not trading it in. Dealers almost always put as little money in the car you are trading as possible. They must get the car ready for sale and know up front they will have to spend money on detailing and any repairs that are necessary, especially if they are going to sell the car with a warranty.
The value of any vehicle will depend on the cosmetic condition, mileage, mechanical condition and origin. Maintenance history, option upgrades, performance history and current regional economy could have an effect on final trade-in price.