It’s hard to know how much a car is worth just by looking at it. Those in the business might have an instinctive rough idea, of course, but accuracy takes a little more than a simple eyeball. To truly find out what a car is worth, there are a few different things you have to consider. Let me walk you through them.
The first thing you want to do is to go online and see what a car is currently valued at. I recommend going through Cars.com because they’re generally the most reliable when it comes to listing accurate car values. Simply type in the car’s features and in moments you’ll have a comprehensive idea of both the features of that specific model but also the average going price for that vehicle. It’s a simple and essential step that gives you a base number to work around for the rest of your valuation process.
Then you have to consider is how old the vehicle is. Until you hit that vaulted point where a car becomes a classic or an antique (around 30 years), it’s probably losing value the longer it sits. A car that’s two decades old lacks the modern … Read More