How can I find out what my trade-in vehicle is worth?
First, if you already own a vehicle, research its value to see how much you might get from a trade-in or a private sale. You can look up the approximate value using online commercial websites such as the Consumer Reports, Edmunds, Kelley Blue Book, NADA Guides and online classifieds. These resources may be available at your local library. Finding examples of similar vehicles that have sold recently in your area will help you know a fair price.
Once you know how much your current vehicle is worth, you can decide whether to trade it in or sell it yourself. If you trade it in at a dealership, you and the dealer will decide on the value that will be credited towards the purchase price of your next vehicle. If you sell it yourself, you can use the money you get as a down payment.
If you still owe money on a vehicle that you want to trade in, there is more to consider.