We all know that the internet has many things that claim to be the best, but in reality, we very much doubt whether they are actually the best. The story is the same for many things, including the best-used car value guides that we find on the internet.
Buying and selling cars was never easy. You had many things to consider before actually purchasing a vehicle. But the game is even though when you are trying to buy a used car. You have to be VERY CAREFUL about the price you pay and the quality of the vehicle you get.
We cannot help you determine whether you are buying the right car (though it was used) because hey, that needs a lot of inspections that cannot be done through the internet! But we can help you with determining the value of the car and whether you are paying too much to buy it – and that is just what we are going to do in this article!
Well, if you have been struggling to find a proper, suitable car value guide for 2020, let us assure you that this is the best-used car value guide you will find for 2020!
We bring you all the details from A to Z when it comes to buying a used car.
So why wait?
What is a used car value guide?
Before looking into anything in detail, we believe that you should get a clear idea of what is a used car value guide.
This can be mentioned as the first step in identifying the value of a used car. The knowledge in the market value of a vehicle that you are purchasing is essential to get an understanding of whether you are paying too much for the car.
The cash value of anything depends on so many factors that surround it, and so is the same for a car. The amount of a vehicle depends on various factors. They include (but is not limited) the mileage, the age, the brand, the condition, and even the region that it is sold.
There are two prices for any used cars: wholesale price and the retail price. The retail price is much higher and is probably the one that you will have to pay when buying a car from a dealership. But the wholesale price is the price of the vehicle that the dealer had to pay. Well, it is quite understandable why there would be any difference between the two prices because the dealer is doing business – and trying to keep a profit.
These are also known as pricing guides, and there are quite a few pricing guides available for your use. They are the Edmunds used car pricing guide, the Kelley blue book value guide, the nada used car value guide.
How to value your used car easily?
We have talked about the importance of valuing a car when buying a used car. Well, you should note that the same importance lies in understanding the value of your used car.
When you value your used car, you can quickly get an understanding of the money that you can earn by selling the vehicle.
Given below are some simple steps that you can follow to get the understanding:
Consider the market and identify whether the car is still in popular demand.
Check the pricing guides (we will talk about them in no time)
Survey the competition that you have among the other sellers (check the different options available if you are a buyer).
With these natural methods, you can get a proper understanding of the best way to value your used car.
What is a used car value calculator?
A used car value calculator is a method that is used to identify the value of a used car. There are many used car value calculators that you can use, and they are all available on the internet – for free!
There are certain types of calculators that you can get from the internet. For example, individual companies provide their own calculators to get the used car value appraisals. But there are also used car valuation tools (for free) which helps you to get a proper valuation which is both precise and transparent when it comes to getting the appropriate value.
Using an automatic calculator is more useful than doing it manually because well we all know that the machines are more accurate when doing mathematics. And on the other hand, they consider most of the factors that we could either miss or forget.
So, if you are thinking of getting your used car valued, then using an online calculator would be a better idea for sure.
What is the Kelley blue book used car value?
The Kelley blue book used car value which is often called the Blue Book used car value is the starting point of negotiating the value of your car.
The Kelley blue book is a trusted source that is used by car owners for more than 90 years. It is a source that helps the users to understand the worth of their vehicles. To be exact, the Kelley blue book is not just available for cars. You can find blue books for trucks and SUVs as well.
The blue book gives an idea of what the owners can expect from their cars during the week it is being updated. These values are obtained from a massive amount of data collected weekly from different locations. The system is made in such a way so that you will be able to get the best accurate data not just according to your car but also according to your location and country.
It has more than 100 different geographic regions and is updated weekly. So, if you are thinking about using the blue book to value your car, trust us, you are making the perfect selection.
Should you get Edmunds used car prices?
Edmunds used car prices are also a system that would provide you with the opportunity to consider the value of the car that you are going to buy/sell in a particular year.
It is easy to use and will provide you with the chance to get reviews of the cars quickly. The Edmunds page has details for almost all of the vehicles according to the year of manufacturing, and the model and other required information.
The procedure of finding the Edmunds values are also simple. You only have to visit their website and enter the car model and the year of manufacturing. When you enter these details, you will be guided to a unique car that is specially designed for the specific vehicle that you are thinking of buying or selling.
Used car value nada guide
The Nada guide is another option that you have when trying to research the value of your car. You can search through the Nada guide using the body type (car, SUV, truck, etc.) and then using the vehicle history.
It is similar to the Edmunds guide and is also considered as more accurate than the other two. Hence, it is mostly used by the banks and the car dealers to get the actual values of the cars.
So, if you are trying to consider the references to identify the retail price of the car that you are trying to buy. Then you should consider not using Nada but actually use one of the other two.
Some final words about using a used car value guide
Thinking about buying a car is definitely the first step to purchasing one, but it is a very complicated process. You will have to think about the price you will have to pay. Moreover; the price you will have to put in to buy the car. You will also have to consider whether you should buy a used car or a new car.
If you are considering a used car, then you should still think about the other factors about the vehicle. You should be careful to purchase the car from a trustworthy dealer; you should also have someone actually to check the car.
On the other hand, you will have to think about getting a pricing valuation of the car. This will help you in two ways. First of all, you get the chance to get an understanding of the price/value of the car that you are trying to buy. Secondly, you will get the opportunity to get an opinion about the price you will be able to get from the bank or the finance company.
We have discussed the three most famous pricing guides among car dealers; the KBB, the Edmunds and the Nada.
So, if you are thinking of either buying or selling a used car, make sure that you make proper use of these guides before actually getting to the market. These will provide the knowledge that you require to understand how the automobile market works.