Selling a Car – How to Value Your Car
Before you head off in search of your car’s worth, let’s discuss some of the things that could affect the value of your car.
- Color might make a difference, especially to an auto dealer. Pre-owned cars that are red, blue or silver are always in higher demand than other color cars, so might be worth a little more.
- When consumers purchase pre-owned cars, they are more inclined to go with function rather than flash. This means all those extras such as spinners or flame decals will most likely not add any value to the car.
- Regular maintenance makes a difference. There is a definite difference between a car that is well kept and one that only sees the inside of a service department when it breaks down. Pre-owned cars that have been regularly maintained have a higher resale value than those that have not.
- If you plan to trade your car in at a dealership, it is important to note that it will not be worth as much to them as it would be if you were selling it yourself because a dealership has to make a profit off buying and selling your car.
Many online resources can help you determine the worth of your car. The most popular one is Kelley Blue Book. This resource has been around longer than the Internet itself, and is a reliable source when it comes to buying and selling new and used cars.
When you first visit the website, you will see a wealth of information. Answering questions like, “What should I pay for a new car?” and “Which car is right for me?” Kelley Blue Book offers solid advice and information for car sellers and buyers. By inputting honest answers to the questions asked on their website, you should be able to find out exactly what your current car is worth and what you can expect to pay for a vehicle, whether it is new or used.
Another good source for determining your vehicle’s worth is NADAguides. This website offers a variety of services in addition to estimating the value of your car. To begin using this website to find your car’s worth, choose the year, make and model. From there, you will answer a series of questions regarding the condition of the car, mileage, etc. to determine how much your car is worth. When you are done, you should have a good idea of the value of your car.
Increase the Value of Your Car
To ensure your car is worth as much as possible, follow these tips.
- Clean the car spotless and have it detailed. This can add as much as $500 to the value of your car.
- Ensure there are not telltale signs of body painting and that the wheel wells are smooth. The bumpers should be in good condition, too. You can add another $300 to $500 in value to your car.