A simple question with a not-so-simple answer: What, exactly, is my car worth?
Though we drive everyday, most of us think about buying or selling cars far less frequently. Since the car market isn’t usually top of mind, it can be hard to think about value of your car. So in general, we reference one-size fits all car pricing guides like Kelley Blue Book to act as a stand-in for a more precise pricing picture. In a perfect world where every market, every car, and every buyer are all the same, they can be good price anchors. But one-size-fits-all car pricing guides tend not to capture every element that could affect a car’s true value.
So we put together three real-world considerations that can impact car value that every buyer and seller should have in mind the next time they’re in the market.