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The Ins and Outs of a Used Car Book Value

The Ins and Outs of a Used Car Book Value


Parting with your dear Mustang or Camaro? Finding the right price for it may be a challenge if you are not familiar with the nuances of the used car trade. Knowing the ins and the outs of the used car book value to some is an easy task that's a combination of good old fashioned legwork and a sprinkling of high tech tools to get the best information possible.

Start by going to your local dealer. A little bit of old fashioned sleuth work will give you the information that you need. When you get there, don't bring the car that you are going to sell. Ask around if they have the same model and make as the car that you want to sell. If they do, kindly ask them if they have a pink colored one. Well, not really, just ask for any color that you think that they don't have. Act surprised if they don't have a pink color and then ask them what colors they have available and how many cars of the same make and model they do have. Take a look around and ask for the prices that the cars have. Try to find one which has the same color and make as the car that you want to sell. At this point, it would be useful if you have a pen and paper to scribble notes on.

With this exercise you'll know the used car book value of the automobile that you want to sell. Call it crude or rudimentary, but it works. Comparing the price of your car with others will give you an idea of the price that you want to target. Take note also that dealers take into account the number of cars in their inventories. So, if they currently have 5 or more cars that have the same make, model and color as yours, don't expect that they'd be willing to add another one to their inventory.

Oftentimes, people make the mistake of treating the used car book value as a Bible. It's not. A lot of factors get in the way such as demand, supply, condition, color and even the time of the year. Also consider using specialized tools on the Internet to help you in your quest to find the best deals.
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