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 car ultimately depends on the agreement between the buyer and seller, there are several ways to determine the estimated market value of a used car. You can opt for the services to turn more online traffic into test drives via Price My Car for free test drives.
Used Car Pricing Guides: One of the most common vehicle pricing methods is consumer pricing guides. While you can purchase this guide at your local bookstore, the linked site will provide a convenient choice for most users. By entering the make, model, year, equipment, mileage, and overall vehicle condition, you will get a fairly accurate value. Keep in mind that each of these websites will usually value the same car at slightly different prices.
Professional Vehicle Appraiser: A professional appraisal service can be an excellent tool for determining the market value of your vehicle. An appraiser comes to you and inspects your car in detail, 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.
On-site Dealer: For an informally used vehicle appraisal, contact a dealer or mechanic you trust. Dealers, especially those who are experts in their fields and know the current prices of used cars well. Your dealer can give you an estimate of the market value of your car and offer negotiating advice based on the particular advantages or disadvantages of a particular vehicle.