How Do You Calculate The Value Of A Used Automobile?
Three types of values are associated with automobiles. The trade-in value is the money you can expect to get if you sold the car or traded the car into a dealership. The retail value is the value you can expect to pay if you were purchasing the car from a dealer. The private-party value is the amount you can expect to receive or earn by dealing with an individual. The private-party value will be the closest to the car’s actual value because dealerships normally mark up prices for commission purposes. To accurately calculate the value of a used automobile, you need to have four pieces of information: the make and model, the mileage, and the current condition of the automobile. Direct your browser to a trusted website dedicated to used automobile values. NADA is a trusted resource as well as Kelley Blue Book. You can choose to use their online systems or order a hard copy of their current car value guide. Choose the used cars section. Whether you’re using the online guide or a physical g
