how much is my car worth

how much is my car worth

How Much Is My Car Worth

Before you sell or trade in your car, it’s vital to know its current value. The good news is that a number of reputable websites give you quick access to this information. But before you start clicking through price estimates, it’s important to understand the differences among the types of used car values and to find out what makes your car worth more or less. This will help you select the best price for your situation and get the most money for your car. Read on to learn more about used car values so you can price your used car right.
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How Much Is My Car Worth

If you own a model that has been labeled as one of the best used cars or SUVs to buy, your used car value will be higher than a similar model that isn’t rated as high. The specifics of your vehicle can also impact your used car value. Having features that are popular – cruise control, a sunroof, leather seats –make your vehicle more desirable and may let you set a higher selling price. On the flip side, any issues with your car will bring down its value. Smelly interiors, a dented passenger door, or a rough-running engine will lower the worth of your car. Because most sites don’t have individual check boxes for specific problems, you’ll need to consider your car’s overall condition and match it to the description that is most accurate (excellent, very good, good, etc.).
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How Much Is My Car Worth

If you have a loan for your used car, and your used car value is less than the amount you still owe, it means you are upside-down. You can learn more about why your car loan is upside-down and how to get out of an upside-down car loan. Find out more about the best time to sell your used car, and be sure to follow us on Facebook and Twitter for more tips on selling your used car.
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How Much Is My Car Worth

Trade-in value: “Trade-in value is an estimation of what you can expect a dealer to offer you if you were to trade your car in to a dealer instead of trying to sell it yourself,” explains Amy Mueller, director of public relations for CarGurus. Typically, this value is the lowest of all the price categories – use it to value your car only if you are trading it in. If you do plan to trade in your car, you should know that you can negotiate with your dealer to get a higher trade-in value, which could result in a better car deal overall. Before you head to the dealer, do your homework and look up your car’s trade-in value.
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How Much Is My Car Worth

When websites ask for your zip code during your used car price evaluation, it isn’t because the companies want to track where you live. Instead, the information is used to adjust the estimated value of your car based on your region. “Certainly there’s an immense difference in the weather between and Southern California. That will have a dramatic impact on how a car ages,” says CarGurus Editor Steve Halloran. In addition to weather, Mueller adds that there are all kinds of economic factors at play within a region that can impact your car’s value, including differences in supply and demand between a state’s urban and rural areas.
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How Much Is My Car Worth

Accurate pricing starts by selecting the type of used car value that matches what you want to do with your car. If you are selling the car yourself, for example, use a private party value only, not the retail price. It’s important to keep in mind that the price ranges quoted online are only average values. Because they can’t adjust to encompass all the specific details of your car, a little bit of savvy estimation may be needed to set your selling price.
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How Much Is My Car Worth

Edmunds.com used car appraisal aims to give you the most accurate price for your current car/vehicle. This allows you as a consumer to decide whether to trade-in or sell your car when you’re ready to buy a new one. The price is based on the year, make, model, and options of your car.
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How Much Is My Car Worth

Edmunds.com’s Quick Guide to Selling Your Car By Ronald Montoya All You Need To Know in 5 Easy Steps Selling your car today is a different experience than it was 10 or 15 years ago, thanks to the tools available on the Internet. Online appraisal tools and Internet classified ads have made the process faster and more convenient. Edmunds.com has an in-depth 10-step guide to selling your car, but this article condenses the selling process into five simple steps that can help you turn your used car into cash in the shortest time possible. You can also print out this article and use it as a checklist to keep you on track. Read Full Article
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Our VIN-specific value report is free, and examines the number of accidents, number of owners and the service history of each vehicle. Other factors, such as how the car was used (personal, fleet, rental or commercial use) help us provide an exact value. The result is a clear picture of what your car is worth, or how much you should pay.
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Auto websites such as Edmunds.com, Kelley Blue Book, and CarGurus are fast, free resources for finding the value of your vehicle. Before you begin, you’ll need a few details about your car or truck. Write down the exact model and trim level, and take a look at your current mileage. Do an objective inspection to determine the condition of your interior and your exterior, and assess how well your car is running. Enter in this information on one of the above websites, along with your zip code, to get your used car value. Here are the different types of values that may be listed:
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Current market value: Some websites label their used car values as “current market values,” such as CarGurus’ Instant Market Value. This means that instead of relying on traditional methods of value estimation, which was standard practice when car values were restricted to hardbound books, many companies now utilize databases that track the selling prices of cars across the country. This allows them to provide up-to-date price estimates based on the actual selling prices. Depending on the website, the current market value may only apply to the private party value, or it may apply to all three categories of used car values.
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Trim refers to both exterior and interior options that enhance a base model. (Ex: Ford Mustang GT or Honda Accord EX) Trim levels can increase the value and functionality of a vehicle, as well as improve its appearance. Mileage is estimated based on typical mileage of similar vehicles. If you're selling this vehicle, replace this estimation with your vehicle's actual mileage to get the most accurate values. Why do we need your ZIP Code? Kelley Blue Book provides values and other information specific to your location. Enter your email address to receive your valuation report to your inbox. Your privacy is important to us. Please read our Privacy Statement. Kelley Blue Book® Private Party Value The Kelley Blue Book® Private Party Value is the starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car's actual condition and local market factors. Kelley Blue Book® Trade-In Range The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed. Kelley Blue Book® Fair Market Range (Used Car) The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.
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Kelley Blue Book® Private Party Value The Kelley Blue Book® Private Party Value is the starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car's actual condition and local market factors. Kelley Blue Book® Trade-In Range The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed. Kelley Blue Book® Fair Market Range (Used Car) The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.

Published on Apr 14, 2017 | Under Car | By michael ellis
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