How To Determine Used Car Values?

Whether you're looking to buy, sell or trade a used car, knowing how to calculate the value of a used car is important to ensure you get the best deal.

While the selling or replacement price of a used vehicle ultimately depends on the agreement between the buyer and seller, there are several ways to determine the estimated market value of a used car valuation for a vehicle. 

Used car pricing guides: One of the most common methods of pricing vehicles is through consumer pricing guides. While you can purchase this guide at your local bookstore, the linked website provides a convenient option for most users. By entering the make, model, year, equipment, mileage, and overall condition of the car, you get a fairly accurate value. Keep in mind that each of these websites usually rates the same car at slightly different prices.

Professional Vehicle Appraiser: A professional appraiser can be an excellent tool for determining the market value of your vehicle. An appraiser will come to you and thoroughly inspect your car, taking into account the condition of the service book, as well as the make, model and year of manufacture. A professional appraiser can also help you with an exchange or private sale.

Local dealers: To assess an unauthorized vehicle, contact a dealer or mechanic you trust. Dealers, especially those who are experts in their fields and have a good knowledge of current used car prices. Your dealer can provide an estimate of the market value of your car and offer negotiation advice based on the specific advantages or disadvantages of a particular vehicle.