How Do You Determine The Fair Market Value Of A Car?
A car is a major investment, even one that is used. Thousands of dollars are on the line, and there is nothing worse than overpaying for a car. Many buyers walk into negotiations unprepared, and wind up paying far more than the fair market value for a car. That’s why it’s so important to determine what would be considered a fair price whenever you get set to make such a huge investment. Use the Kelley Blue Book or KBB.com to determine the fair market value of a car (see Resources below). The Blue book has been used for decades to help buyers determine what prices are accurate for an automobile, whether they are new or used. Look up the make and model of the car you’re interested in. In the Kelley Blue Book, for example, cars are listed by manufacturer first (Ford, for example), followed by the model. The year of a car is also listed, as is whether the price shown is for a new or a used version. Determine the fair market value of your own car by completing the online form at either webs
