How Can You Calculate the Value of Your Car?

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Even if you consider most shopping to be a chore, shopping for a new car just might fill you with a sense of excitement instead of dread. These days, new cars — and even recent models of used cars — often come with some impressive bells and whistles, such as automatic braking, lane departure alerts and blind spot alerts. It can be quite a thrill to upgrade from an older car with more limited features to a shiny new model that practically drives itself (at least it feels that way).

However, an unexpectedly poor trade-in value on your existing vehicle can ruin the excitement very quickly. First, an unscrupulous dealership could offer you less for your vehicle than it’s actually worth to increase its own profit. Second, your car could legitimately be worth much less than you expected for any number of reasons. To avoid shock and disappointment, you need to make sure you know your car’s value before you try to trade it or sell it privately. If you’re not sure how to find that information, here’s a quick look at some tips for calculating the value of your car.