Selling Your Car - What Is My Car Worth?

The first question you must ask when selling your car is, 'How much is my car worth?' Well, this question is actually incomplete. You really need to ask three questions and you get three different answers....
The questions you must get answered depend on where you want to sell it. They are:
How much is it worth when I sell it to a:
1. Dealer?
2. Private individual?
3. Dealer as a trade-in?
There is one more place you can sell your car but I would not recommend it unless it is has major problems, and that is an auction.
You can answer these 3 questions by going to online valuation web sites such as: Kelley Blue Book in the United States or The Red Book in Australia. You can get these prices for free.
The other way to value your car is to see how much they are going for in the classifieds.
Neither one of these ways is entirely accurate for the following reasons.
1. Classifieds may have only one or two cars of your type and they could be overpriced or underpriced. The quality of your estimate depends on getting a good range. It's a good idea to check the prices over several weeks if you can.
2. Online Valuation services may have inaccuracies for particular models and should not be relied on exclusively, just because they seem to be the authorities. Their valuation is only as good as the data they have to go on. Since a large number of transactions bypass their data collection you can only consider it an estimate. It could be out by as much as $1000 easily.
3. Seasonal demands influence the prices of cars. Convertibles sell for higher prices in the summer time. These swings can exceed the ranges given in valuations.
There is one more factor that overides all the above. The final price you get is not it's worth. It's worth is it's value. A good, reliable car with no rust, that has been maintained can be sold for more money. It is worth more than a newer car that has been poorly maintained. If you have such a car then you absolutely can sell it for a good price because you are giving value for money.