How to Value a Car

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Determining the value of a car is straightforward and should be free. Here is some background information to help you determine a car's worth.

Step 1: Check the internet
Conduct an internet search with the keywords "car value" to find websites that report car values.

Tip
In the U.S., three popular sources of car value information are Kelley Blue Book, CarsDirect, and NADA In the U.K., sources include Glass's, Parker's, and Autotrader.

Step 2: Enter information about the car
Enter a description of your vehicle on the website. You may be asked to identify the car's make, model, and year, as well as the color, included options, mileage, exterior condition, and mechanical condition.

Step 3: Obtain several quotes
Obtain estimates of the car's value from several sources. Estimates may apply to the retail price, private party price, or trade-in price.

Step 4: Take the car to a car dealer
Take the car to a car dealer or mechanic and ask how much it is worth to get a more accurate quote if you plan on doing a trade-in.

Did You Know?
There were approximately 254 million vehicles registered in the U.S. in 2007.