Cars & Vehicles Car Buying & Selling & Rentals

How to Determine Market Value of an Automobile

    • 1). Look at your car. Are there any noticeable dents? Does everything work? Using a pencil, write down any problems the car has, such as bald tires or a transmission that needs replacing. Also, make note of the mileage on the vehicle.

    • 2). Read the paperwork. If you have the original paperwork from the dealership, check to see if there were any add-ons to the vehicle at the time of purchase, i.e., any options that did not come standard on the vehicle, such as alloy wheels, a CD player or a sunroof. Write down the add-ons on your piece of paper.

    • 3). Make a list of anything else that's special about your vehicle. If you put in a CD player or the car has recently been painted, write that down.

    • 4). Go to one of the many reputable online car valuation websites, such as Kelley Blue Book, NADA Guides or Edmunds.

    • 5). Click on used or new car, and fill out the form as you're prompted using the information you wrote on your paper. The website should ask you about condition, features and mileage on the car.

    • 6). Review the valuation information. You have your fair market value.

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