![]() ![]() The estimate can be even more valuable if you plan to sell your car-whether directly to a third party or by trading in your vehicle at a dealership. If you’re just looking to get updates on the most current valuation, you can save copies of periodic estimates to determine the value trend over time. It may include the trade-in value of the vehicle, the likely value in a sale to a third party, or the dealer’s resale value. You’ll typically be provided with a detailed listing of the valuation. Once you do, the car value estimator will send one or more values in a matter of seconds. You’ll be required to provide information about your vehicle. What is a car value estimator?Ī car value estimator is an online tool provided by an authoritative source that specializes in car valuations. They’re quick and easy and will provide you with a more objective estimate of value. It’s very unlikely they’ll sell it for the price they gave you.Ī more objective way to value your car is to use online car value estimators. Generally, dealer appraisals give you a value on the lower end of the scale as they’ll want to make a profit when they sell your car. It won’t apply if you decide to either sell your car yourself or trade it in with another dealership. The disadvantage of using a car dealership is that the value you get is unique to that dealer. You can sign up online, make an appointment to have your car appraised, and you’ll then have seven days to sell your car to CarMax at its appraised value. One popular source for fast car appraisals is the CarMax Sell My Car program. The dealership will give you a value on the car, and a certain amount of time to trade it in at that price. That’s why car sale listings are an inaccurate picture of actual values.Īn appraisal by a car dealership can be more solid, especially if you ultimately plan to trade in your vehicle. Sellers typically set prices on the high side, fully expecting to come down. Prices of cars listed for sale are just asking prices. While both can be a good starting point, neither is entirely accurate. The more traditional ways to estimate the value are to either check the prices of cars for sale in your area or bring your vehicle into a dealership for a formal appraisal. on average.* Best ways to estimate the value of your car Applying to refinance your vehicle loan takes just minutes and saves drivers $101/mo. has teamed up with the auto refinance experts at RateGenius® to find you a more affordable monthly car payment. Securing a reliable estimate can help you shop for financing or simply budget intelligently for car expenses. The information will be useful if you plan to trade in your vehicle at a dealership, sell it to a private party, want to know how much insurance you need, or to justify refinancing your auto loan. In just a few minutes, by inputting basic information about your vehicle, you’ll be provided with several valuations. Have you ever asked yourself, “How much is my car worth?” The answer may be as easy as using an online car value estimator. ![]()
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