How to Determine What a Car is Worth
Driving a fuel-efficient car makes more sense as gas prices continue to climb. Many people are considering selling their current cars to save money. Many car dealers accept trade-ins toward the purchase of a new car. Before selling or trading in you car, it's wise to independently evaluate its worth to optimize your savings.
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Instructions
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Access a used car valuation site by opening your browser and typing the website address. Popular sites include Kelley Blue Book, NADA Guides and Edmunds (see Resources).
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Select the option or tab for "Used Cars." Type your zip code in the field and identify your car by selecting or typing the following information: Category (e.g., sedan, coupe, wagon, SUV, truck), Make, Model, Year, Included factory-installed options and accessories.
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Type the odometer reading in the field and evaluate the criteria for condition of the vehicle. Criteria may include: Excellent (which looks new inside and outside and has no mechanical problems); Good (which has no major defects and shows minor cosmetic blemishes); Fair (which has some mechanical and cosmetic defects which can be fixed with servicing); Poor (which is in poor running condition and requires major mechanical repairs).
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Select the appraisal type, if available: retail sale, private sale or trade-in. Review the suggested sales price for your vehicle.
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Select the "CARFAX" option and type your vehicle identification number (VIN) in the field to prepare a CARFAX report, which details major accidents and repairs to support the condition of your car for resale.
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Tips & Warnings
Before selling your car, make sure your DMV and insurance paperwork are ready, to avoid delays.
