A used car value calculator depends on a wide range of variables from condition to location. This guide is intended to help you make a rough estimate of used car value.
First, you should consult a free car value guide such as the Kelley Blue Book. These guides are helpful because they provide an index of vehicle depreciation based on location. Remember, the popularity and suitability of certain models is influenced by the environment and location.
Next, it is important to properly assess the condition of the vehicle. A good reference is the Federal Trade Commission buyer's guide which must be posted in all retail vehicles sold by licensed dealers in the US. Stop by a dealer and ask for a copy—they should be free. Use the list of common vehicle problems on the back to determine what, if any, repairs are required. Subtract the value of these repairs from the free car value guide estimate you already have.
Finally, determine the personal value you hold for the used car. This can be made simpler by consulting a classic car value guide for antiques and collectibles. If the vehicle is not a specialty, think about the comfort and style of the vehicle compared to your personality. Cars which meet your needs and wants have greater personal value than those which are simply cookie-cutter. Add the amount of money you are willing to pay to meet personal wants and needs to the value of cars which meet those desires, and you're finished.
