Last Updated 13th of July, 2010
What’s the best way to estimate the value of a used car?
Factors to Consider
There are a number of factors to consider when estimating the value of a used car. You should:- Consult the Kelley Blue Book value of the car
- Have a mechanic inspect the car
- Review a vehicle history report
The Blue Book is a great starting point in estimating the value of a used car. The Blue Book will tell you the dealer and private party retail values of used cars based upon the car’s condition. Therein lies the difficulty. How do you know the condition of the car?
One way to determine the condition of the car is to hire your mechanic to do an inspection. A good mechanic will be able to identify major previous damage and repairs and should be able to detect maintenance issues and possibly even failing parts.
Get a Vehicle History Report
But even a good mechanic will have limitations. That’s why it’s a good idea to consult a vehicle history report. A vehicle history report will contain all kinds of historical information on the car, such as previous accidents and major repairs, to help you determine the car’s present market value.To help estimate the value of a used car, take a moment now and order a vehicle history report. Ordering online is the fastest and easiest way to get the information you’re looking for.
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