Kelley Blue Book and Edmunds.com provide tools that allow people to determine the value of a truck or other vehicle. Choose the make, model and year of the truck, and enter the ZIP code where you are planning to make your purchase.Continue Reading
After you have chosen the initial features, answer the rest of the questions that the value generator asks. Such information as the style, engine and transmission play a part in determining the value. The color of the truck and optional equipment, such as a trailer hitch, bed extender, air conditioning, sound system and premium wheels, are also part of the requested information.
The mileage on the truck and the estimated condition are important pieces of information. Edmunds.com offers five different levels of condition: damaged, rough, average, clean and outstanding. A damaged truck might not even be able to run and definitely requires major body and/or mechanical repairs. An outstanding truck doesn't need any reconditioning and is in superior condition, both in mechanical and aesthetic terms.
On the basis of this information, the value generator provides three different values: trade-in, private party and dealer retail. Trade-in value refers to what you could expect to get in credit at a dealership if you took it in as part of purchasing another car. Private party value refers to what you could expect when selling it to another individual. Dealer retail value would appear on the sticker at a dealership. Use these numbers as you run your own negotiation for the car.Learn more about Buying & Selling