Whether you’re looking to buy or sell a car, understanding its true value is crucial. In this guide, we’ll explore three effective methods for estimating your vehicle’s worth, ensuring you make informed decisions.
1. Value my vehicle by VIN
According to 2018 statistics, a staggering 40.4 million used cars were on sale, emphasizing the importance of accurately assessing a car’s value. The Vehicle Identification Number (VIN) serves as a key to unlocking vital information about a vehicle’s history and worth.
Locating the VIN: Your vehicle’s VIN is typically found on the front of the driver’s-side dashboard or on a sticker on the edge of the driver’s door. If elusive, refer to essential car documents such as the title, registration, or insurance card.
BeenVerified is among the top people search engines, which allows people to look up someone by name, phone, address, etc. What’s more, it enables you to do a VIN or license plate lookup for a car. Its VIN number search report may reveal much valuable information.
Accessing this tool is easy:
- Browse the BeenVerified website.
- Fill in the VIN number (a 17-digit identifier located on the front of the driver’s-side dashboard) and click Search.
- Wait for the algorithm to run the search and produce a report for you. You can find the average trade-in, rough trade-in, and clean trade-in value in the report. Apart from that, you can compare your car with a similar one nearby to see how much they are.
Since BeenVerified is a subscription-based service, you need to pay to unlock the report. Besides, you can also use this tool to run a people search with limited info like a phone number, a username, or a location.
2. Car valuation by general factors
If you prefer free tools, you can always find them on Google. Consumer Reports, for instance, is one of the car value estimators when you google for these tools.
By selecting the Make, Model, and Year, you can get the general value of your vehicle. Of course, the number becomes more accurate when you enter trim, mileage, and other add-ons.
However, the number you get is the general one, because these tools only consider parts of the factors affecting a car’s value. But it’s still worth a try for they can offer a basic range of market value of a similar car.
3. Get a car value by license plate
As an approved NMVTIS data provider, Bumper provides a widely used vehicle search tool. Its vehicle records building up a giant database come from government agencies, insurance providers, car industry sources, and more. That’s why it wins over 1 million monthly visitors. Its report offers fairing prices and accurate data which help buyers and sellers make decisions better.
Just click the button above and enter a license plate. A report containing a car’s estimated value, theft records, and vehicle specs will be ready in minutes. You can also check the result through its mobile app.
In conclusion, whether you choose the in-depth analysis offered by BeenVerified, the general estimates from tools like Consumer Reports, or the comprehensive insights from Bumper, these methods collectively empower you to make informed decisions when assessing the value of your car. We hope this guide proves invaluable in your quest to determine the true worth of your vehicle.