How to Find the True Market Value for a Used Car

Whether you are buying a used car or selling one, make sure you get the best deal possible on your vehicle by calculating its true market value. This will tell you what price should be paid for your vehicle using a private party seller or a dealership. It will also let you know how much you can expect to receive on a used car that is being traded in.

Instructions

Kelley Blue Book

1

Visit the Kelley Blue Book website. Click the "Used" tab at the top of the page.

2

Select the year, make and model of your car. Click the "Go" button.

3

Enter your ZIP code.

4

Select the true market value price you wish to see. You can choose the trade-in value, private party value or suggested retail value.

5

Customize your appraisal by entering mileage, optional equipment and vehicle condition. Click the "Get Pricing Quote" button.

Edmunds

6

Visit the Edmunds website. Click the "True Market Value" link near the top left-hand side of the page.

7

Select the year, make and model of your used vehicle by clicking the drop-down menu at the bottom of the page.

8

Click the "Go" button.

9

Select your car from the list of search results.Your car's true market value will be displayed in the window. The results are split into three categories: dealer trade-in, private party and dealer retail.

10

Click the "Customized Appraisal" button to list other vehicle details, such as mileage, optional equipment that you have installed on the car and the condition of the vehicle. Click the "Get Pricing Report" button.