Used Truck Values Guide

Maximum Benefit When Selling a Used Truck: Values from Different Sources

It is hard to sell a used truck beneficially without knowing its real market value. You will either lose money by selling your vehicle too cheap or wait too long for someone to buy it for a high price.

To avoid these unpleasant scenarios, you need a thorough investigation of what the real market value is . We prepared a list of the most popular ways to get the used truck value to sell it in Indianapolis for the best price. Read further or just get our firm offer right now!

How Do I Find the Value of My Truck?

A truck, like any vehicle, is only worth what people are willing to pay for it. The general principle of supply and demand works here: if there are many sellers on the market, but few buyers, the price will decrease, and vice versa.

The easiest way to find out your used track value is to check it on one of the websites:

• Kelley Blue Book. KBB has a wealth of data to determine the value of used trucks. They take real deals, auction data, market trends, and vehicle conditions into account to provide a free vehicle valuation. The process of appraising is quite simple. You can enter the vehicle number or VIN or select the vehicle model manually. By choosing other details such as color and vehicle equipment, you can see the expected range of trade-ins and the cost of private lots. It also predicts how much time it will take to get a good price for your truck.
• Edmunds. A reliable website that will instantly show your used truck value. It takes into account actual sales value, depreciation, the condition of your vehicle, and local data. To get an estimate, enter your VIN, license plate, or model of your vehicle. It then asks for more details about your car condition, equipment, and repairs needed. After analyzing and comparing the details to sales data, Edmunds comes up with three estimates for your car: trade-in, private lot, and retail at the dealer.
• J.D. Power. J.D. Power, supported by NADAguides , uses data and artificial intelligence capabilities to provide accurate vehicle estimates. In addition to cars, NADAguides also value motorcycles, SUVs, classic cars, and boats. You need to choose the make and model of your truck and select the correct option from the list. Enter your zip code, mileage, and vehicle equipment. NADAguides then shows rental and retail prices of used cars based on their condition.
• Consumer reports. Consumer Reports provides not only product reviews but also used car valuation tools that take data from the Black Book . CR value estimator asks for car make, model, year, and mileage. It then shows trade-in and private party quotes based on the condition of the vehicle. Consumer Reports provides a decent estimate without taking much time or asking for too many details. It may be slightly underestimated compared to other tools as it does not consider other factors.

Is Kelley Blue Book or NADA More Accurate?

NADA does not take into account the condition of the vehicle and lists relatively higher values. For this reason, between the two, Kelley Blue Book is believed to be more accurate. At Indy Auto Man, we also take KBB values as a reference when estimating cars and trucks in Indianapolis.

Read more about what Blue Book and Nada values are .

Additional Factors that May Affect the Cost

Used truck value is a multifactor parameter. And when online estimators provide attractive figures, the real price people are willing to pay for your vehicle may be influenced even by minor details.

Additional Set of Keys

Having a spare key is more often a necessity than a whim. It is unlikely that this will increase the cost much, but it will attract the attention of those for whom duplicate keys are important. Some buyers refuse to even look at the car if the second set of keys is missing.

Official Service History

The service history proved by a list of replaced parts, work orders, and repairs from a service station will be a good bonus and a possible reason for increasing the cost. The fact of conscientious maintenance and care will not only create a positive impression about the car but also inspire confidence in the seller, and vice versa if you serviced your truck on your own.

Tuning

Additional spoilers, airbrushing, and other elements of expressing your individuality can scare away a potential buyer. There are not so many lovers of extraordinary design solutions, so it will not be possible to sell such a truck quickly.

Read also what the used car price depends on .

What Is a Trade-in Value of a Truck?

Trade-In Value is the price you can get for your truck at a dealership toward the purchase of another vehicle in the inventory. But the trade-in value you see on websites like KBB can’t be considered a real market value of your truck. If you think of a trade-in option , you can always get appraisals from different car dealerships in Indianapolis and compare them to get the best deal.