How do I find out the resale value of my car?

Kelley Blue Book, Edmunds and NADA Guides are three of the most well-known websites with tools to determine resale value (also called residual value, retained value).

Is trade in value the same as resale value?

While trade-in value is strictly what the dealership will give you in exchange, resale value encompasses all the ways that you might be able to sell your car. The resale value of a car is often calculated depending on what you would be able to get for it at an auction, rather than during a trade-in at a dealership.

What website do car dealers use to determine trade in value?

KELLEY BLUE BOOK – OVERVIEW While Black Book is mostly used by dealers, Kelley Blue Book (Not spelled Kelly Blue Book without the “e”) is mostly used by individuals looking to trade in or sell their vehicles.

What is resell value?

What is resale value? A home’s resale value is the amount it is expected to sell for at some point in the future. Many things, including any improvements made to the property and the overall age and condition of the home, can affect the resale value.

Why do car dealers lowball trades?

Lowball Offers Another technique many dealers use is to give you a low-ball offer on your trade-in. First, they want to see if you’re a true sucker and willing to accept such a low price. But usually, what it does is cause you to be taken aback by such a low offer. It makes you question the value of your vehicle.

What is the car dealers black book?

The Black Book value is essentially the wholesale or auction value of a car. Black Book sources pricing data from both wholesale auctions and actual vehicle transactions from across the country. They update or validate their used car prices on a weekly basis.

Which car is best for resale value?

Top 10 cars in India with High Resale Value

• Maruti Suzuki Swift.
• Toyota Innova.
• Ford EcoSport.
• Maruti Suzuki Wagon R.
• Hyundai Grand i10.
• Honda City.
• Mahindra Scorpio.
• Hyundai Creta.

Which car is having best resale value?

Toyota Innova Crysta The list of cars with the best resale values in India can’t be complete without Toyota Innova. The MUV has been revered in India for decades for its commendable performance, comfort, and most importantly its phenomenal durable engine.