How to Evaluate a Car's Value

by Contributing Writer

When it comes time to sell your car, you will want to make sure that you're getting the maximum amount you can for the vehicle. Factors such as the car's make, model, year, condition and its availability in your area all factor into the price a buyer will pay for it. There are several resources you can use to check the value of your car, all of which will help you set a solid selling price.

Assess the condition of your car. Take into consideration the vehicle's mileage, its exterior and interior, and any defects it may have. Most used cars will fall into the "Good" to "Fair" range.

Run your vehicle identification number (VIN) through a vehicle history report generator like Carfax. A clean history report will have a positive impact on your buyers.

Check the asking prices of other cars for sale in your area. Websites, such as Cars.com, list cars for sale by zip code and may give you a gauge of your car's value. You can also check Auto Trader magazines or the classified ads to gain a better idea.

Check out a reliable car pricing resource, such as the Kelley Blue Book or Edmunds Car Buying Guide.

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