How Do I Know The Market Value Of My Car?
Whether we like it or not, our cars are examples pf what's known as 'depreciating assets'. From the moment we sign the papers and drive our cars off the lot, the dollar value of that vehicle goes down with time. So, at some point in your car's life, how do you know its market value?
The easiest way to do a car market value check is through car websites with a car market value calculator. You could also browse car sales listings to see how much other people are selling or willing to buy the same model for. Your auto insurance policy might have that info if coverage is based on the car's market value.