Look up the value of my car

Q: How do you lookup the value of a car?

The best ways to determine a cars worth is by using valuation guides like Kelley Blue Book and looking at live prices online and at dealerships. Its vital to know a cars value before you start any transaction to sell, trade in, buy or refinance a vehicle.

Q: What is blue book value?

The term Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.

The moment you drive your new ride out of the showroom is the moment your car starts depreciating. That’s the nature of the market and also why used car prices in Singapore are usually at a more affordable point. Along the journey of your car ownership, be it for getting a quote on your car insurance, or wanting to sell your car, you will likely be asked, “How much is your car valued at?”

Table of Contents Show

1. Understanding How A Car Depreciates
2. Do Market Research
3. Place It on an Auction
4. Valuations
How do you lookup the value of a car?
What is the best website to get the value of my car?
What is NADA value?
What is blue book value?

This is also applicable to those who are interested in buying used cars. The most important thing you’ll have to take note of before transacting is the value of the car you are buying.

So how do you calculate a used car’s value? To help you out, we have compiled a few tips to help you find out how to determine the value of your car and how much it’s valued at.

1. Understanding How A Car Depreciates

Source: https://revenuesandprofits.com/how-car-depreciation-is-affecting-the-auto-industry/

By understanding how a car depreciates allows owners and buyers to have a gauge on how much their car is worth. This is extremely useful when you want to sell your car and also when buying a new car. Here is how the annual depreciation of a car is calculated:

Annual Car Value Depreciation = (Total cost of vehicle – sale value of vehicle)/Number of Years in Service.

When you have knowledge of this, it will be easier for you to negotiate better deals.

2. Do Market Research

Another way to determine the car’s value is to browse online catalogues. There are a wide variety of cars, of different models and age, that you can make comparisons with.

However, do note that some of the cars listed online are from dealers and may have their value adjusted according to the condition of the cars as well as the packages that it may come with. Hence, the estimate given may not be entirely accurate.

3. Place It on an Auction

Source: Shutterstock

What better way to know the value of your car than testing out the true demand and supply of the market? You can place your car up for auction and for dealers to bid for your car. Let the eventual demand from people determine the value of your car.

4. Valuations

Source: Shutterstock

The most direct way to find out your car value is to utilise car valuation services that are available! CARRO has a team of experts who will be able to give you a transparent and comprehensive price analysis.

Do you have other tips? Share it with us!

How do you lookup the value of a car?

The best ways to determine a car's worth is by using valuation guides like Kelley Blue Book and looking at live prices online and at dealerships. It's vital to know a car's value before you start any transaction to sell, trade in, buy or refinance a vehicle.

What is the best website to get the value of my car?

Since 1926, Kelley Blue Book has been one of the most trusted names in the auto industry. You might say we literally "wrote the book on car values". And today there's no better place to find the value of your current car than KBB.com.

What is NADA value?

The NADA value determines the worth of your used car, which considers numerous value criteria. The NADA recommendations provide valuations for manufactured homes, boats, RVs, motorcycles, and even motorcycles. Multiple values are provided for each vehicle in the NADA guidelines.

What is blue book value?

The term “Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.