Free Trade-In valuation. Find out what your car is worth here in Omaha.

Free Trade-In valuation. Find out what your car is worth here in Omaha. Click Here!

If you're looking to sell or trade in your vehicle for a new one, finding out how much your car is worth is crucial and an important step in the negotiation process. Unfortunately, unless your car is a collectible, it is probably depreciating in value, and some cars depreciate faster than others.

You will enter the make, model, and year of your vehicle, and then select from options such as special features (sun roof, DVD player, etc.) and enter the condition of the car. (Be honest with yourself about the condition, or you may be expecting more than you can realistically get!) All of this takes just a few minutes, and then you will get  a value for the vehicle.

There are several different values: what you can expect to receive if you use it for a trade-in, what the car sells for on the retail market, and what you can expect to receive in a private sale. There can be a significant difference in value depending on the condition of the car, so it may be worth your time to fix it up first before trying to sell it, if that is your goal. If you're lucky, the value will still be more than what is left owing on your car, if you still have an outstanding loan.



There is other information that is helpful when finding out the value of the vehicle. Depending on the market, you may not be able to get what Black Book has suggested. In order to have a better idea what prices are like in your area, check out the newspaper classifieds, a Pennysaver, or Craigslist ads. Find cars that are similar to yours (year, make, model), and look to see what the average asking price is. This will give you a gage of what you should ask for your vehicle. With a little bit of legwork and knowledge, you will have a better idea of what you can expect for your car.