Obama’s Jeep $20,000 More Than Kelley Blue Book Price

May 12, 2010 Updated: October 1, 2015

An early 2000 Jeep Cherokee, Kelley's Blue Book Price: $3,500. Obama's 2000 Jeep Cherokee sold for $26,437.50, over $20,000 more then list price.  (Darren McCollester/Getty Images)
An early 2000 Jeep Cherokee, Kelley's Blue Book Price: $3,500. Obama's 2000 Jeep Cherokee sold for $26,437.50, over $20,000 more then list price. (Darren McCollester/Getty Images)
The Kelley Blue Book value for a 2000 Jeep Cherokee is around $3,500 but if it used to be owned by President Barack Obama, that makes the sale a whole new ball game.

A black 2000 Jeep Cherokee manufactured is not worth even $5,000 in the Kelley Blue Book.

However, Obama's black Jeep Cherokee sold for $26,437.50 to buyer John Reznikoff who could have got a newer model with lower mileage for around four grand.

The attraction of the Jeep belonging to Obama helped Reznikoff overlook the fact that it had 130,000 miles on it.

And for approximately $30,000, a buyer could acquire a brand new Jeep Cherokee but without the nostalgia of being it driven by the first African American president.

The Kelley Blue Book started out as a small list in the 1920’s when the Founder Les Kelley started to measure vehicle prices for local dealerships in Los Angeles. The first Kelley Blue Book has experienced a major shift in prices, considering that a new 1926 sedan limo was running for only $3,825.00.

Price in title $20,000 (£13,488)

Prices in text $3,500 (£2,360); $5,000 (£3,372); $26,473.50 (£17,829.26); $30,000 (£20,231.7); $3,825 (£2,579.55)