When determining the value of a car, the owner is generally searching for its "book value." A number of tools, the most common of which is Kelley Blue Book, allow users to easily check book value. Other popular resources include Autotrader, Cars.com, Consumer Reports, the National Automobile Dealers Association (NADA) and VMR.
Car value is determined by a combination of factors, including make, model, age, mileage, location and condition (i.e. excellent, fair, poor). Car valuers also take into account a vehicle's accident history, if any, additional equipment and features (e.g., anti-lock brakes, navigation system), and any upgrades made to the vehicle (e.g., premium stereo system).
Pricing also depends on whether the vehicle is purchased from a dealer or private seller or traded in through a dealer. Often, a buyer pays less when purchasing from a private seller than a dealer and usually would receive less for a vehicle by trading it in.