Q:

How can you find out if you're getting a good price on a used car?

A:

Quick Answer

Find out if you're getting a good price on a used car by researching the prices that similar cars sold for in your area in the past and comparing them with the price you're offered. Research historical price data for similar cars sold in your area using NADA Guides or Kelley Blue Book, which offer free online guides at NADAGuides.com and KBB.com.

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Full Answer

To research the historical price data for similar cars sold in your area on NADAGuides.com, click the New and Used Car Prices tab near the top of the main page, and then type in your ZIP code and click the Search button. Select the car's make from the Make drop-down menu, and then select the year on the next drop-down menu to display a list of models of that make and year. Click the model, and then follow the site's step-by-step valuation process by answering questions about the car such as the mileage, condition and features. Typically, the site provides several valuations, such as a valuation based on the average purchase price of similar cars sold in the recent past and a valuation based on the average amount given on trade-ins.

At KBB.com the process is similar. Click the Price New/Used Cars tab near the top left of the main page, and then follow the site's step-by-step valuation process. Near the end of the process, select either Buy From a Dealer or Buy From a Private Party to display a valuation based on your situation.

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