Learn How To Get The Best Deal

Used Auto Values

Every month, approximately 3,000,000 used vehicles are sold in the US. Whether you are looking to buy a used auto, sell your auto or trade-in your auto; you need to understand and collect as much information as you can on current auto values. 

Used Auto Guidebook Values

There are a few companies that specialize in publishing auto values or auto prices related to used auto transactions (i.e. used auto dealer sale, used auto private party sale, or a used auto trade in).  It's important to understand the pros and cons of these used auto guides as each has some unique characteristics. So here is the difference:

Used Auto Classified Listings

Reviewing currently available autos for sale is another great way to understand the current value of a auto.  Keep in mind that most autos sell below their advertised price, but finding autos similar to the one you want to buy, or sell, can help your research.

Reviewing the inventory and asking price of vehicles on AutoBuying101.com Classifieds, eBayMotors.com, Cars.com, AutoTrader.com, and Craigslist.org can be very helpful in assessing the current asking price of similar autos actively for sale in the market.  In addition, this will help you get a feel for the number of other autos for sale in your local area.  There is less wiggle room on a negotiating down a used auto price if there are very few available in the market. If there are a lot of similar autos in the market, there is usually room to negotiate the asking price down.

Actual Auto Trade-In or Purchase Offers From Local Dealers

One unique way to get solid information on a used auto that you may want to trade-in or sell is to get in contact directly with dealers.  Most dealers will want you to come down to the lot before they make a firm offer (which we do not recommend doing until you are 100% ready), but you can get in touch with local dealers and ask them for a ballpark estimate on how much they would give you for your auto.  Simply reach out to some of the local auto dealers in your area, such as some of the one's in our Dealer Select Pricing Tool, and ask them how much they would buy your auto for, and compare that with the other sources outlined above.  Some dealers, such as AutoNation or CarMax, will even buy your auto even if you do not buy your next vehicle from them.