How Do I Know How Much My Car is Worth?

Nov 20, 2020

How to Determine a Vehicle’s Condition

Trading in your vehicle can drastically lower your paymentsrnfor a replacement. However, it’s not always clear how much you should expect inrnreturn for your previous vehicle. Brand, year, model, condition, and mileagernall play roles in determining its value. How do you know how much your car isrnworth? Here at OkCarz, we provide estimates that make budgeting for your nextrnvehicle much easier.

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Get an Estimate of Your Car’s Value at OkCarz

The key to calculating the value of your vehicle is to be honest with yourself. Are you exaggerating your car’s condition to make it seem better than it is? Is it considered “good” or “clean”? Of course, this is all subjective. Despite this, you can still get in the ballpark rather accurately if you understand what each category entails. Here are some examples to help you determine your vehicle’s condition.

Excellent/Very Clean

Used vehicles rarely fall under this category. For a car tornbe deemed “excellent” or “very clean”, the car must appear new. That includesrnno fading, stains, paint damage, rust, or dents. Mechanically, the vehicle can’trnhave any issues with the powertrain or features.

Very Good/Clean

Drivers that take good care of their vehicles may have theirrnvehicle fall under the “Very Good” or “Clean” category. Vehicles may have minorrnwear from being used over the years, like some scratches or even some dingsrnthat could use some touchup. Mechanically, the powertrain is free from anyrnmajor problems.

Average

Most used vehicles are placed under the “Average” category. Wearrnis consistent with age, but the car may have some problems that need fixing. Fadingrnon the exterior or interior is common. There may be cosmetic defects likernscratches, dents, and rust. Recent repairs may have been done on vehicles inrnthe “Average” category. Overall, the car is still safe to drive but isn’t veryrnclean.

Rough/Fair

Vehicles in this category are often very old, worn, orrndamaged. There are signs of a previous accident or mechanical problems thatrnwill require plenty of investment to fix. Sometimes, vehicles in this categoryrnare deemed unsafe to drive, making them only good for salvageable parts.

To get your free estimate of your vehicle’s value, fill out this online form and we will give the most accurate estimate we can based on the information you provide. Still not sure? Bring it in so one of our experts can take a look. If you have any questions about the trade-in process, contact us and we will reach out to you.