When you ask, “What’s my car worth?” it may take a little bit of digging to find the answer.
Dozens of factors influence the fair market value of your car. Some of these include age, mileage, if it was ever in an accident, etc.
However, finding out the value of your car is essential so you know when to sell it, invest in it or dump it.
Below are some steps you can take to evaluate your car and learn its true value.
1. Compare it to Similar Cars on the Market
Your car is only worth as much as someone is willing to pay. That’s why the first step is to do your research on cars that are like yours.
You can find this by looking at classifieds and used car lot sites.
Routinely check on cars that most resemble yours. If they sit on the lot for weeks, the price is likely too high.
2. Check Online Evaluations
There are companies that have invested a lot of time and money into algorithms that help determine the worth and value of used cars. One of these companies is called Kelley Blue Book.
It has a simple calculator that will ask you for information about your car. Within a couple of minutes, you have an estimated value.
There are many other free pricing guides online as well. See if the numbers match up across the board. This will help give you a reliable range to shoot for.
3. Don’t Forget These Other Features
While these guides are excellent at managing a lot of variables, they are incapable of handling them all.
That’s why it’s important for you to do your own estimating at the end as well. You know your car better than everyone else. You’re aware of all its quirks and glitches.
What’s My Car Worth?
At the end of the day, no one is better equipped to answer the question, “What is my car worth?” than you, the owner.
After doing your research and honestly reflecting on the car, you’ll be able to figure the right price to set. What you do with that information is up to you.
However, if you want to sell your car at a higher price, one of the ways you can do that is by replacing some of the malfunctioning parts. Come to Western Auto Wrecking to find used, working parts for your car.