![]() “Market values may be more useful for consumers because they reflect what people are willing to pay now,” says Brian Savoy, senior manager of physical damage and estimatics at Metromile. Be honest when disclosing information like your car’s condition to get the most accurate number.Įxperts recommend getting an estimate for the car’s market value rather than the car’s book value for the most accurate information. To find the value of your vehicle, use KBB’s online estimator. NADA also offers a variety of vehicle comparison tools, but it doesn’t have a used car marketplace. NADA’s car value appraisals tend to be higher than what KBB or Edmunds will calculate, which is something to keep in mind. NADA focuses on the vehicle’s wholesale price, current market price, and the demand for cars in your area. Like KBB and Edmunds, NADA allows you to find your vehicle’s value, but it uses slightly different criteria. (NADA) National Automobile Dealer’s Association To help inform your car search, Edmunds publishes comprehensive vehicle reviews and long-term road test results. On Edmunds’ site, you can check out new car pricing and shop for used cars in your area. ![]() EdmundsĮdmunds’ car appraisal tool is a competitor to KBB, but it uses more in-depth criteria to determine your car’s value, like whether the vehicle has been in an accident or has any cosmetic damage. You can also look at new and used car prices and even see vehicles for sale at dealerships near you. If you’re thinking about selling your car, KBB will give you an instant cash offer based on the vehicle’s value. It uses details about your car, like the make, mileage, and color, to determine the value. Kelley Blue Book, commonly abbreviated as KBB, is a leading online car value estimator. Here are some of the most popular sites: Kelley Blue Book ![]() These free resources allow you to plug in some basic information about your vehicle and get an instant value estimate. The best way to find your car’s value is to use an online estimator tool. “Determining a used car’s value is becoming ever easier, with lots of online tools, but some vehicles require more in-depth research as the market fluctuates quite a lot,” says Bryon Dorr, editor-in-chief at Autowise, an online car blog. If you’re in the market to sell your car, there are several ways to find out what your car is worth, and there are a few different types of car values you should know. With low interest rates incentivizing car buyers and car rental companies selling off inventory, there has been an increase in demand for used cars, driving up their prices. ![]() ![]() Add used cars to the list.Īs of October 2020, used car values are up 15% compared to the year prior. It’s not just mortgages and refinancing booming right now. For more information, please see our Advertising Disclosure and How We Make Money. However, our compensation is never tied to whether you purchase an insurance product. Our site may include links that take you to another website and result in us earning a fee. Please consult a licensed insurer or producer regarding any insurance product. Our content provides summaries of insurance providers and/or products that may not include all terms, benefits or limitations of such provider or product. NextAdvisor is not a licensed insurance company, agency or broker and we do not sell, solicit or negotiate insurance. ![]()
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