TL;DR Use online tools like Kelley Blue Book (KBB), Edmunds, and CarMax for estimates. Compare these with local classifieds and dealer offers.
Online Valuation Tools
Several online platforms can provide a quick estimate of your car's resale value. Websites like Edmunds and Kelley Blue Book (KBB) are popular choices for getting an approximate value [1:2]. These sites allow you to input details about your vehicle, such as make, model, year, mileage, and condition, to generate a valuation. Additionally, CarMax and Carvana offer real purchase quotes that can be used as benchmarks
[5:2]
[5:6].
Dealer Quotes and Trade-In Offers
Obtaining trade-in quotes from dealers is another method to gauge your car's value. While these offers tend to be lower than private sales, they provide a guaranteed price [1:1]. Platforms like Carvana, Vroom, and CarMax can give you wholesale offers, which are realistic but typically lower than retail values
[2:2]
[3:3].
Market Research
Checking local classifieds and online marketplaces such as AutoTrader can help you understand the market price for similar vehicles in your area [1:3]. Look for cars of the same make, model, year, and mileage to get a sense of what sellers are asking. Subtracting around 10% from these prices can give you a more realistic selling price
[1:3].
Car Buying Services
Companies like CarMax and Carvana are known for providing straightforward offers and actually purchasing vehicles [5:5]. Their offers can often serve as a baseline for negotiations with other buyers or dealerships. Some dealerships may even match these offers if presented with a recent quote
[5:8].
Considerations Beyond Discussions
While these methods provide a good starting point, remember that factors such as regional demand, economic conditions, and the specific condition of your vehicle can affect its resale value. If you're considering selling privately, factor in the time and effort required to handle inquiries and negotiations.
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Edmunds.com or KBB.com should work for you. They may offer to connect you with a dealer, but you don't have to accept that option to get a quote.
Look on AutoTrader (or whatever similar site is available in your region) for the same cars from the same year with similar mileage. Subtract 10%.
Classifieds in the area. Of course that's not a guarantee of what cars are selling for but it's a good idea of what the market is. When I've purchased or sold cars, I usually buy/sell for a grand or two below asking price.
You can try getting trade-in quotes from dealers since those are somewhat guaranteed. However, they will be much lower than what you want.
Hey Guys, I got in a car wreck a few months ago and totaled out my car, and am in the market for a new one. My brother recently accepted a job across the country in Seattle and won't be able to take his car with him as it costs way too much to transport. The car in question is a 2011 Toyota Corolla S and has about 140,000 miles on it. He has offered to sell it to me for the car's current value. So my question is what would be the easiest way to figure out what his car is worth? Ive looked on places like cars.com, and autotrader for vehicles in similar condition and they are going for anywhere from 10k-13k, but that is what dealers are selling it for and if I wasn't going to buy the car he would just trade it in somewhere for cash anyway. So what is the best way to figure out what the car is worth? Thanks!
Get a quote from Carvana, Vroom, Carmax. Average of the three quotes is your price. (Or the highest of the three if your brother pushes back)
Yep. These are real offers. They will be a wholesale offer. For CarMax, we would sell this at our dealer auction.
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Thanks for posting, /u/fishpaste49! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.
Hey Guys, I got in a car wreck a few months ago and totaled out my car, and am in the market for a new one. My brother recently accepted a job across the country in Seattle and won't be able to take his car with him as it costs way too much to transport. The car in question is a 2011 Toyota Corolla S and has about 140,000 miles on it. He has offered to sell it to me for the car's current value. So my question is what would be the easiest way to figure out what his car is worth? Ive looked on places like cars.com, and autotrader for vehicles in similar condition and they are going for anywhere from 10k-13k, but that is what dealers are selling it for and if I wasn't going to buy the car he would just trade it in somewhere for cash anyway. So what is the best way to figure out what the car is worth? Thanks!
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I’m still on the fence about selling my car but would like to find out the value I can get if I were to sell it.
Can I get the vehicle evaluated in Carsome / Carro for example, just to know the current price? Even if I refuse to sell at last?
I can’t rely on searching on Carlist for the same model/year to check out the price, cause market selling price is always higher than the price you can actually get (that’s where the dealers make money)
What do you think sifus?
Carro waive checking fee until 31st August. I'm going there tomorrow just to do that and see if I can sell my car + full settlement another loan. Trying to hit 2 bottle with one stone. If cannot, I just postpone and wait for another 2 years until my loan finish.
Im interested too, please PM, thanks 🙏🏻
Sorry, didn't get what you mean, are you asking how to make appointment with Carro? Just go to the website and click "sell car". Enter your car details and phone number and they will send a code to your whatsapp. After that you can select your state and the closest inspection centre + what day and time you're available. They even have a mobile inspection team if you can't come to any of their branch. Once you've done that, they'll send you more information through whatsapp.
You can but it cost rm50. But even then, their pricing is lower than what they sell as they need to survive as well.
My car got sold for 11.5k They reselling it much higher for profit.
So direct selling will net you more but harder to do as you have to process everything yourself.
Also checkout Mudah for market price as well.
Rm50 for carsome? When I did it 3-4 months ago it cost 27 bucks.
yeah i think they raised the price. I went last month and it was 50.
Mudah is direct selling from owners or also from all these 3rd party agents?
Also what’s the process like if you DIY?
Unfortunately I do not have experience direct selling. Mudah can be a mix of direct owner or agents as well.
But I do understand the last part is the jpj ownership transfer thing.
Then you have the insurance NCD withdrawal
Last but not least money of course.
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you can but last I heard they are implementing RM50 to check nowadays
Yes, you can.
I’m looking to sell my car (‘19 Rav4), but I’m having trouble trying to settle on how much I should be selling it for. One of the reasons is that it looks like the used car prices are starting to climb back up.
My question is… Is there a preferred way or website to calculate its value? I’ve used the likes of CarMax and Carvana, but want to see if there’s another more better option?
Carmax and Carvana will be your best, KBB Instant Cash Offer will put you in touch with local dealerships who may make a another offer but it’s unlikely to be better. GiveMetheVin also buys sight unseen.
At the end of the day you’re welcome to try to sell it yourself but you’ll probably net less than $1000 more and you’ll have to deal with a lot of the brain dead public.
I agree with this for a ‘19 Rav, these places will likely give you the best offer and can’t get enough of them. However, I recently sold a ‘13 Elantra and was better off selling myself and filtering out the riff raff as I made 3k more than other sites were offering.
Yeah it depends on the car. Toyota is always in demand so they can offer more without much risk.
Carmax just gave me 20k for my 2019 Nissan Rogue so I feel like you should be able to get more than that
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Look and see what others are selling them for retail.
Thanks for posting, /u/iginca! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.
I’m looking to sell my car (‘19 Rav4), but I’m having trouble trying to settle on how much I should be selling it for. One of the reasons is that it looks like the used car prices are starting to climb back up.
My question is… Is there a preferred way or website to calculate its value? I’ve used the likes of CarMax and Carvana, but want to see if there’s another more better option?
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Planning on trading in my older (2017 100k miles) car for a new 2025 car. I've been playing around with different "trade-in value calculators," but get a wide range of values. What's the best one to use in terms of what I can expect to be offered by a dealer/use to negotiate (assuming I have given an accurate repestentaion of my cars condition in the online tools)
KBB: $4000-6000
Carfax: 4500
Carmax: 5000
Carvana: 5400
Edmunds: 6000
Car and buyer: $7800 (yes it specifically says trade in value is that much)
I know dealers use Black Book, and MMR or other tools I don't personally have access to, and in person appraisal is important, but I don't want to go in blind. I want to have some idea of what to expect/pre-research I can use for negotiation. So on my end, what sources can I use/trust most to give me a realistic starting point?
I mean i'd be GREAT if the car and buyer price were realistic, though I'm not expecting to actually have anyone offer me that much. Hoping for 5000-6000.
Should I bring printouts of these estimates as negotiation leverage?
For what it's worth: dealerships selling a car close to my make, model and specs seem to be asking around 10k. But there are virtually none on the market to go by.
CarMax and Carvana are generally accepted as the benchmark for trade value. That should be your goal. But certainly let the dealer start
I also used carguru and they gave me (supposedly) specific dealer-tied offers. It listed 3 offers all over 7700. Which seems like a fantasy How legit is something like that compared to carmax/carvana? would another dealership consider it a legitimate offer as they would carvana?
They can give you 10k for your trade.: It just means they’re not moving as much as they normally would on the price of the new car is all that is… give in one place, get it back in another..
Carmax and Carvana are going to be the real #s..
Carmax and carvana. Those are the only ones of those that will actually buy the car.
are offeres provided by Carguru considered as legit? When I used their trade in tool they provided me with three "dealer offers" over 7700k each one tied to a specific dealership. Fine print reading (This offer is from the listed participating dealer (and not CarGurus or its affiliate) and was selected taking into account various factors such as price, matching trade in inventory, dealer distance and rating.)
The best way to calculate the value of your trade is what I’m offering you.
Take it or leave it.
The delta is all over the map for a reason.
So, my advice to you: find a car you like, take the trade allowance, and move on with your life.
There’s most likely more fine print saying that’s an estimate subject to inspection and they’ll knock it down once you’re in the door. There’s no magic trick that lets one store pay $2k+ above everyone else.
OR
They give you the $7,700 subject to you buying one of their cars with thousands in add-ons and other “market adjustments”.
You’re better off doing business with an upfront dealer that gives both real market value for yours and takes market value for theirs.
Dealers don’t use “books” they use a computer system called Vauto that shows them wholesale prices, market day supply and what it should be traded in for
You don't have to hope. Carmax and carvana already said they'd buy your car for that much.
Many dealerships have an agreement with CarMax that lets them give you the CarMax value, and they turn around and sell to to CarMax.
At my store, we can do so, whole giving you the tax benefit, if you have an in person CarMax offer that is from the past 7 days.
Hint: it’s the 2 companies you listed on there that actually buy and sell cars
Bring the Carvana. It's your highest legit offer to purchase your vehicle.
Considering selling my car but how do I know how much it would sell for?
Look up the same car, same year and mileage, or as close as you can find, and see what they're being priced at
Put it through we buy any car, see what they say and add about 20%.
2 tips though.
Is that accurate?😭 apparently it's only worth £2k lol
WBAC qouted me £6250 last week for mine.
AutotraderNI quoted £5250.
Traded it in with a main dealer and got £6K but YMMV. As someone else pointed out, saves having to deal with tire kickers (and in my case boy racers).
It's a guide anyway. The issue with comparing to other listings is that they include a warranty and finance facilities etc, you aren't offering any of those so you aren't going to get that price.
Last time I sold a vehicle privately it was a motorbike and by god that was a horrible process.
Endless texts and emails asking if I'd take offers for about half the listed price. People negotiating normally online then turning up to a viewing with less money hoping I'd just give in and let them have it. I had a guy turn up and ask for a test ride but he refused to leave the money with me 'in case I ran away with it', he didn't see the irony of that statement. And there was another who asked me to run the engine then pretended he could hear a whole load of issues that would cost him lots of money to fix and he would be glad to take it off my hands for scrap value (he didn't like it when I showed him the service logbook that showed it had been in for it's major service literally the week before).
NI is full of fucking chancers. I'd sooner set my car on fire than try to sell it privately.
I'd say much more than 20% they take the piss.
Check auto trader etc to see how much a similar car is selling for.
You'll likely get more by selling privately compared with a trade in. But be realistic with what you are asking.
Check what your car is worth as a trade in. Anything you get more than that is a bonus.
Sadly you'll also have to deal with tyre kickers and time wasters.
Also be honest with people. If they ask if there are any defects and you tell them it's perfect only for them to travel to look at your car and see holes due to rust, then you deserve a slap.
It’s dog eat dog. Sold as seen. You want to upsell what you have. Answer questions honestly but if they don’t ask the right questions that’s on them.
The most effective way is to get online and search up used cars for sale in your area of similar make, model, year, and km, and see what they're selling for.
Cars have been kept indoors for about 40-50 years and last ran in the early 2000s so I have no idea what to compare them too. Includes a 70 LeMans convertible, 57 Plymouth belvedere and 37 for hotrod.
There are so many factors that can influence the value.
I will do my best off the cuff, first to last based on importance.
Year, make, model, rarity.
Location, proximity to larger cities will greatly increase the value as opposed to moving the vehicle 100's of miles.
Condition of the vehicle. Rust, dents, running, seized etc
History of the vehicle, how many owners etc.
Bottom line is there is no real 'proven' method of estimating a car value, its best to do the research of the above points and make your estimates.
Generally I start with local market and vehicles of similar class/style/condition.
Then I would extend my search to the local classifieds/marketplace of nearest major city.
Then I would look on ebay or other large car sales sites.
Lastly, I would look to specific forums, example, if there is a GTO Forum or sub-reddit, you could post the details of the Leman's and likely get a good idea of the value.
Be realistic... understand that if a car is worth 3k but would cost the buyer 1k to ship it/tow it, then the 1k would likely come off the value of the vehicle.
Its best to post here, r/projectcar, or other specific sub reddits but include a ton of photos and details about the vehicle. You should be able to get a good estimate provided you post all the details.
Thank you this is exactly what I needed.
check out their respective forums or fb pages and learn how to identify what options and such it has and what condition they are in. often if you post a few pictures someone will help you get a round about value on it. you can also check places like bring a trailer to see what similar models have sold for.
Is there a way to check sold vehicles on bring a trailer that I have missed?
While it's probably not the best place to sell or find prices, my easy go-to price source is eBay. Just do a search of the item, check "Sold Items" in the left column, then a the top sort by Price: Highest. Nobody's sold a 70 LeMans recently, but somebody wants $59,500 for running one.
Having a bigtime classic car restorers' name behind the build sheet makes a massive difference in value. Also makes a massive difference in input costs. Ultimately it comes down to build and build quality. If you're going to factory OEM restoration that's very difficult to quantify and finding the right buyer is 3/4 the battle
Ask the car spirits to reveal its true worth. Or just trust the experts and online auctions.
😂 I'll get the candles and a Ouija board.
I was told that a car's auction value is usually 20% less than the private party value. Assuming that's correct and I have a car that has a private party value of $5,000. Subtract 20% and that leaves $4,000. I know that they're going to want to get it for the least amount possible and I'm going to want to trade it for the most possible. So how do I figure out an offer where I get what I want and they still make a decent profit?
Why sell at auction, when you can list the car for retail?
Whoever told you that is wrong
Auction value is whatever the highest bidder will buy. It’s a guessing game going into it for us when we’re gauging what we could potentially get out of it at auction. Only thing that gives any indicator are recent auction transactions, but even then there’s huge variations in condition, disposition of the selling dealers, whether a desperate buyer was in the lane that day, etc. You likely don’t have that data, and your rule of thumb is really irrelevant here, so this isn’t a useful figure for you to try and figure out.
Never mind the fact that it’s useless. Say you do figure your car to have a $4k auction value (which is a guess, as much as my estimate for its auction value is). That doesn’t change my offer. You don’t know how much it costs me to prep for auction, transport, what my seller fees are, what my risk tolerance is, etc.
Negotiate the value of your trade if you feel you aren’t getting enough for it. But auction value just isn’t the data you want to hang your hat on.
Talking about new ones. I don't want to come into the dealership and start trying to lower the price with a salesman without knowing how much it's really worth.
What about used ones? Should I just substract a % of the price and assume thats the lowest they can go?
Is KBB still a good starting point?
Maybe Maybe not It all depends on
What a car is worth to you might not meet its worth to the seller
When I sold late last year, I looked at KBB and Craigslist for local listings and then adjust my pricing based off of that data. I hope I didn't leave too much money on the table.
KBB Is good for insurance adjusters not Buying
Are KBB values low for adjusters or high for buyers?
Autotrader…search all.. you’ll see what people around the country are selling that car for
Just try to sell it. Whatever it sells for is exactly how much it’s worth.
Not how any of this works, the dealer is just choosing to sell at MSRP
I was in search of a brand new Vw golf R.
All the dealers local to me wanted 10k over MSRP.
Found one dealer that had 0 issue giving it to me for MSRP.
Odds at a deal under MSRP are slim but deff call dealers and ask what the lowest price they can get you into the car your looking at. If over MSRP ask if they can at least come close to it!
What's not true? I said that you should try to pay MSRP. It's below MSRP that's difficult or impossible on desirable cars.
All new car dealerships have direct relationships with manufacturers.
These days most desirable cars are difficult or impossible to get below MSRP. You can look up MSRP on the manufacturer's website, but it's also listed on the window sticker. If you can get out the door for MSRP+ tax, title, license you'll be doing well.
There are some cars that are being sold for discount in some markets.
It is not impossible to get bellow MSRP right now. I know people who have bought a new Honda CRV, Lexus GX, Lexus TX, and a Toyota Tundra in the last few months. All fairly popular cars and all at least a few thousand under MSRP with no additional markups or add-on. The biggest discount was 11k off on the GX because dealers have a ton of inventory and the new model is coming in a few months.
It was true a year ago, but not anymore.
My insurance is trying to rip my off on a claim for my car, a 2005 Mazdaspeed Miata, and I’m trying to get an accurate estimate for its market value, anyone know a good company or website to do this with? The normals ones are giving me bs prices.
Check craigslist for car prices in your area.
Check the prices at local dealers, on line sales, etc... that's what the vehicle is worth, no matter what you think it's value is.
And OP the cost of parts you put in the car don't do anything for the value. Getting a 5k car and putting 5k of parts/upgrades doesn't mean you have a 10k
Ohh I’ve had people try and pull that…after I diagnosed their vehicle none the less.
Recent comps from auction sites if available.
You’re trying to “don’t lowball me, I know what I have” an insurance company on a 2005 Mazda…
The hardest part about owning a Miata is telling your parents you're gay
How do I check my car's resale value
Here are some key steps to check your car's resale value:
Online Valuation Tools:
Local Listings:
Consider Vehicle Condition:
Mileage:
Market Trends:
Consult Professionals:
Recommendation: For the most accurate estimate, use a combination of online tools and local market research. This will give you a well-rounded view of your car's resale value and help you set a competitive price if you decide to sell.
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