Here’s the easiest way to find used truck values. If you are in the market for a used truck then you will want to know what trucks are selling for, so you will be sure and get a fair deal. And, if you are thinking about trading your truck in, you will want to know the value of your trade-in so you don’t accept a low value.
Determining the true value of a truck can be difficult due to the many variables involved when estimating the value. Here are 3 easy steps you can do to find used truck values, and make sure you are getting the best deal.
1. Use the Kelley Blue Book and NADA Book: Over the years a lot has been said and written about the Kelley Blue Book being the bible of the automotive industry when it comes to auto values. To be honest most car dealers today use a combination of the Kelley Blue Book with the NADA guides. By using both guides you have a better chance of determining the actual value of the truck.
Insider Dealer Secret Tip: I have noticed over the years that sometimes Kelley will list the used truck values a little higher than the NADA guide does. So by using both guides you will find a happy medium that is less biased and more accurate of today’s market place. This is what the dealers do.
2. Go to both the KBB and the NADA sites: Once you get to the KBB site and the NADA site be sure and put in all the information that pertains to your truck. Check all the boxes next to any additional equipment that is on the truck. If you miss anything it can make a big difference in the value amount you come up with. Be sure and put in your zip code so you can see what vehicles are worth in your area.
3. Be honest. Select either Excellent, Good, Fair or Poor from the list that asks about the condition of the truck. To get the accurate used truck values you have to be honest. Don’t say the truck is in excellent condition if it isn’t.
Once you determine the value from the KBB and NADA sites go to Cars.com and AutoTrader.com websites and see what trucks like yours are listed for in your area. Keep in mind what dealers and “for sale by owners” are asking for their trucks are not necessarily what they are selling for.
Hopefully this guide makes the entire process of finding used truck values much easier for you, so you will get the best deal and a fair price on your next used truck.