GET THE BOOK VALUE OF YOUR OWN CAR in 2024! (SELLING PRICE OR TRADE-IN CASH VALUE): 7 Methods, THG

In this show, we share 7 methods for determining the value of your own car. You don't have to go to a dealer to find out what it's worth!
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With Titles like 11 Fake Fees, to Don't Say I'm Paying Cash at Car dealerships, and Car Shortage Crisis, and Car Dealer Says Bring the Car Back!... The Homework Guy Team publishes videos to help Car Buyers. Then we added Cash Buyer Negotiations, and Held Hostage at a Car Dealership, No Haggle One Price Car Dealerships, How Much do Used Car Dealers Pay for Cars?

The Homework Guy Team provides car buying consumers with information, automotive news and updates, industry outlook, buying and selling advice, and other help to level the tables. The public face of THG is Kevin Hunter and the master negotiator, Amazing Elizabeth. Tons of time and research goes into every show, with several projects always on the table, all with the goal of getting it exactly right. From Automotive News Updates to vehicle shopping advice and assistance, The Homework Guy Team is the best there is.

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[deedeew]

I am glad i found you. Plan to buy a car soon.

[gtech]

Great video. You're content is very relevant to today's market.

[teto]

I definitely like to look at various sites to see what my trade is listed for. Dealers almost always try to low-ball you on your trade. Also, they can always give you above KBB, etc., for your trade.

[tonymontana]

Two important decisions are deciding what yours is worth and deciding what theirs is worth. Don't wait until your sitting in front of a sales person to figure it out. I like to look up blue book trade in value for mine and the trade in value for theirs. The price difference between the two is ideally what I'd like to have and then from there figure out how much I'm willing to compromise.

[kentscribner]

I made a decision to put $10, 000 into my 160, 000 mile Tahoe rather than pay $80, 000 for a new one.

I bought my current 2015 Tahoe LTZ new nine years ago. In 2020 I put in an order for a new one. It was never delivered. More likely they made more just selling it prior to delivery.

The transmission was warranty replaced one month before the warranty expired.

The upper engine was recently replaced. New aftermarket magnetic ride was replaced. The vacuum pump replace.

The truck feels like new. I anticipate several more years of good service.

[nv]

You can pretty much figure that the lowest price you come up with will be WAY over what any dealer will offer.

[WhittyPics]

Buy high and sell low is how it generally works

[jhernan]

Great vid! Did have a question. You guys were previously offering black book values for free. Are you still doing that? I’ve sent folks on Facebook looking for that info your way in the past. Just wanted to see if you guys were still offering that service. Thanks!

[beltycat]

How much for my 1992 Corolla with a big dent and 148k ? Thanks for helping consumers! I would join your program but I will probably never buy another car from a dealer or car lot.

[googleusergp]

Here's a good scenario, not entirely related, but worth asking:

You put a deposit on a new car for a unit in transit and you're waiting for it to arrive. While searching around weeks later, you find the same vehicle at another dealer with one more option and less money, how would you proceed? The second vehicle wasn't available at the time you put the deposit on the first one.

1) Option #1: Put a deposit on both cars and go with the cheaper one, canceling the deposit on the 1st one. Some credit card companies may not help you get your money back as they don't consider that the dealer's fault.
2) Option #2: Try to get dealer #1 to lower their price. Might be tough in this market. They will just flip the car to the next person on the list.
3) If you let dealer #1 know right away you found it cheaper, they may work against you and string you along with giving your deposit back or just sell dealer #1s car out from under you knowing you're price shopping.

Which you would you go with and how would you play it and when? When to let what dealer know what? Just thought I would put that out there.

[Munky]

GD car prices are STILL going insane, and STILL waiting for this so-called "Market crash"... I'm in the market for a newer car to replace my wifes' dying mitsubishi (2009 with over 200k, bad CVT and probably blown head gasket), wanting to go with a newer prius (2016'ish) but they're sitting at 16-18k... for pennies more I could practically get a new one.
Looks like KBB caught on to the instant cash offer service -- you can't use fake e-mails anymore.

Did just manage to check prices on a Prius that was near me with KBB, a 2022 with 45k, dealer offering it up for 22k. KBB instant offer of 16k... WAAAAY off, so that suggests dealer is overcharging?
would you consider trying to offer ~18k, assuming the car was otherwise in order?

[thecolonel]

Kevin yes all the resources are good guides to determine value but I believe the real black book and not forget there is a Dealer version of NADA that still keeps the public in the dark, also I visited a ford, chevy and honda dealer in Charleston SC to get a written copy of the value of my car and they would not do it, I probably wouldn't do it either since you will not be going back to do business with that dealer Also these same dealers here hate when you throw up your research to them, you will get a different tone and attitude from them when you are showing them that you know a little bit, I had a Chevy dealer here tell me after my offer on a used truck they were selling, sorry "were just not able to do business' and basically walked away. As I have always said dealers are ALL cut from the same mold NO MATTER WHO THE DEALER IS

[patrickconroy]

1) It is confusing how you use these terms interchangeably "cash value", "trade in value" "private party sale". There is no such thing as a cash value. There is a trade in value, that is when the dealer offers you 60% of what your trade is worth retail. And "private party sale" is another way of saying "retail price". Whether a car is sold on a dealer lot or by a private party, the price paid is retail. Also, the asking price of cars either on a lot or by a private party is not a great way to value vehicles because who knows what the vehicle will actually sell for.