Which Kelley Blue Book rating do banks use to determine the value of a used car?

kbb.com lists three separate ratings: Trade-In Value, Private Party Value, and Suggested Retail Value. There actually is quite a difference between them.Which Kelley Blue Book rating do banks use to determine the value of a used car?
Banks actually use the "loan value" which is in the printed books dealers get but usually not available to the public. It's roughly 60% of retail.
Banks usually use the NADA value, at least they have in the past. One loan officer told me that the Kelly Blue Book price was too inflated, and that's why they went with NADA.Which Kelley Blue Book rating do banks use to determine the value of a used car?
I am a car dealer and can tell you that banks never use KBB. They do use NADA like other people have said. The quote is "left hand book" is what they usually loan, and that means the left side of NADA book plus tax. KBB has been accused of being overinflated, so now they have countered that with being underinflated.
Most financial institutions actually use the NADA price guide.Which Kelley Blue Book rating do banks use to determine the value of a used car?
Current
Banks will more than likely use private party value. Retail value would be the highest value, trade in would be the lowest. The bank would be considered a private party. Hope this helps.
they don't use KBB, they use the NADA book and they will give you the wholesale price for your car, thats the price they get them at auction for, your better off selling your own car if you can.
it depends on what you are trying to do, but purchasing a car, they will get close to retail value but it depends on what is going on at auctions, which is where NADA comes in and records that, which is more acurate, but different banks give different advances, like most will give you 110-120% of retail value including your taxes title and license fees,

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