Understanding types of car values
- Trade-in value: Sometimes called the wholesale price, this is the value a dealer will give you if you buy another car from the dealer. It is usually the lowest amount a dealership will offer, though you might score some sales tax savings by doing a trade-in.
- Private party resale value: This is the amount you'll likely get for selling your car to an individual. This value is often more than the trade-in value but less than the retail value. If you advertised and sold your car yourself, this is about what you should expect to get after negotiations.
- Dealer retail value: This is what the dealer might resell your car for. It’s typically higher than the trade-in or the private party price
- Certified pre-owned value: This is the value of used cars that are inspected and sold by manufacturers along with a bumper-to-bumper warranty. Certified pre-owned cars often command a higher price.
How to check the value of your car
Pricing guides
- Edmunds, which is owned by CarMax.
- Kelley Blue Book (KBB), which is owned by Cox Automotive.
- The National Automobile Dealers Association (NADA) Official Used Car Guide, which is owned by J.D. Power and also called J.D. Power Values.
- Car and Driver, which is owned by Hearst Communications, which also owns Black Book.
- Consumer Reports, which is a nonprofit that publishes the flagship Consumer Reports magazine.
Online retailers
How to find the value of your car
- Year, make and model. You may need to supply the trim level, which you can find in your owners manual or by looking at the chrome letters affixed to the back of the car.
- Vehicle identification number (VIN) and license plate number. The VIN number is usually on the driver’s side of the dashboard near the windshield and inside the driver’s side door near the hinge.
- Color and optional equipment. Some sites ask you to review a list of features and indicate which ones your car has or doesn’t have..
- Vehicle condition. Sites use varying terms to describe the condition of vehicles. Read the description of each condition level carefully and be honest. Unless the car is showroom fresh, it is unlikely to be "outstanding," for example.
- Mileage. The higher the mileage, the less your car may be worth. The average driver puts about 14,000 miles per year on their car.
What is the most accurate website for car value?
- Not all providers ask the same questions. For example, some didn't ask whether the car had specific features, and others didn't ask about accidents.
- About half the providers required us to provide the car's VIN or license plate number, which can enable them to pull some vehicle information themselves.
- All but CarFax, Consumer Reports and NADA required us to provide an email address to see the estimated value of what the car was worth.
- Some required a phone number, and yes we received phone calls from local dealerships.
- The providers use different data sources in their algorithms. Most characterize their data as proprietary, though Consumer Reports and Car and Driver use data from Black Book.
How our car value estimates stacked up
| Low value | High value | |
|---|---|---|
| KBB | $14,532 | $18,037 |
| Edmunds | $13,434 | $16,559 |
| Car and Driver | $12,445 | $18,425 |
| CarFax | $13,710 | $16,020 |
| Consumer Reports | $15,960 | $18,425 |
| NADA/J.D. Power | $15,050 | |
| Carvana | $17,400 | |
| CarMax | $14,400 |









