How Much is my Car Worth?: Figuring Out the Value of Your Car
How Much is my Car Worth?: Figuring Out the Value of Your Car
Posted on March 4, 2024
One of the first things you need to do when you decide to sell your car is find out what your car is worth. The only way you can be sure you’re getting the most money for your vehicle is to know ahead of time what it’s worth.
Here’s how you can do it.
Note the Details of Your Car
Before you go online, make sure you have your car’s stats handy. You’ll need to know all the basics:
- Year
- Make
- Model
- Trim style
- Upgrades (if any)
- Kilometers
Pretty standard info, but just make sure what’s in your head is correct so you get an accurate valuation.
Use an Online Car Value Estmator
There are some industry standard sites where you can get a good estimate of what your car is worth:
These estimates won’t consider any damage to the vehicle, so that’s something you’ll have to figure out yourself.
How Does Damage Affect Resale Value?
As you probably know, a car with a busted windshield or air conditioning won’t sell for as much as the exact same make & model without that damage. Here’s when you need to assess whether it’s worth your while to make the repairs prior to selling or adjust your asking price accordingly.
A small crack in a windshield or burnt-out light bulbs are inexpensive fixes, so you should go ahead and do take care of those. However, for large repairs you may be better off bringing the price down and letting the buyer handle the work.
End Result
Hopefully you’ve figured out how much your car is worth and are now ready to sell to the highest bidder! You can always get a free vehicle appraisal online with us at Car Nation Canada. Fill out the form to get an instant cash offer for your vehicle today.