How Much Is My Car Worth?

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Lady looking out of her car
Your car might be worth more than you think.
If you are thinking about selling your car, the first thing you will probably want to know is how much your car is worth. What is the trade in value of your vehicle? Well, you might be surprised that your car could be worth more than you think.
 
Last year, a shortage of the computer chips used in the high tech goodies found in all modern cars to act as the brains behind such modern marvels as emissions control, safety, and driver assist features, caused fewer new cars to arrive at dealerships. There have also been shortages of steel and even the foam inside car seats. Thus, production slowed and fewer new vehicles made their way to dealership lots.
 
This new car shortage has caused consumers to consider purchasing like-new, quality used cars instead. And that, dear friends, has caused the value of used cars to spike. It's all about supply and demand. In short, there has never been a better time to sell your used car and get top value for it either as a trade-in for a new car, or to get cash in your pocket. At Lithia Motors, we want your used car, truck or SUV and we'll give you great value for your vehicle.

Which price is right?
If you're looking to sell your used car instantly, you've come to the right place. Lithia Motors will buy your car outright or help you to trade it in on a new vehicle. But first, it's important to know what your car is worth. There are four types of prices when dealing with used cars: 

  • Wholesale 
  • Private 
  • Trade-in 
  • Retail
Here's how those prices work:

  • Wholesale price: The wholesale price is the vehicle's auction price. Some dealers purchase used vehicles at auctions and resell them. The price they pay is the wholesale value and it is generally the lowest of the prices you might see when looking at trade-in value.
  • Trade-in value: If you trade in your car, you could generally expect a value close to the wholesale value of the vehicle. Your car may be worth more if there is a high demand for your particular vehicle or it's in great condition.
  • Private sale price: This is the amount you could expect if you decide to sell your vehicle to another person in a private sale. It used to be that this number was generally higher than the trade-in value. That's not necessarily true today when used cars are in high demand at dealerships.
  • Retail value or price: The retail price is what you would expect to pay for a car at a dealership.
Couple buying a car

Let Lithia Help
Once you have an estimated value of your car, bring it to your local Lithia Auto dealer for an appraisal. Trading in or selling your car through a Lithia Auto dealer is the safe and easy way to get you cash or get you behind the wheel of the car of your dreams, fast.