How Much is My Car Worth?

Quick guide to the car value tool

• How values are calculated

  The value of your vehicle is calculated using real-time data, so you get an accurate idea of how much others are paying for similar cars currently. You can also see how car values have changed over time.

• Which vehicles can be appraised

  The vehicles that can be appraised vary depending on how the information you enter about your car. For example, cars for which we do not have real-time data cannot be appraised.

• What you’ll see in the appraisal

  In the appraisal, you will see how much your car is worth, how much people are currently paying for similar cars, how values have changed over time, and how the price of gas impacts how much your car is worth.

Getting The Most Out Of The Tool

Get the most out of car value evaluation tool by entering as much information about your car as you can. This will give you the most accurate car value possible. You should also enter how your car is running and how it is being used. These factors can have a large impact on how much your car is worth.

• Style and Options

  The different styles and options your car has can also affect how much your car is worth. For example, a fast convertible will likely be worth more than a sports coupe with the same year and mileage.

• Condition Levels

  The different conditions of your car are also very important in how much your car is worth. A car in excellent condition typically fetches more than a similar car with lower conditions.

Got appraisal. Now what?

After the tool finds how much your car is worth, you have a few options. You can sell or trade in your car to any of our dealerships. Or, if you’re not ready to make that commitment yet, you can easily save the appraisal, share it with friends and family (or even print it out), and plan how and when you want to sell your car.

• Trading in your vehicle

  Trading in your vehicle is how most people get into a new car. If you are in the market for a new car, our dealerships will value your trade-in when they purchase one of their vehicles. This can often allow you to get credit for more than the appraisal.

• Selling privately

  Selling your vehicle privately is how some people get into a new car. You can use the appraisal to find how much buyers should pay for your car and then set up an advertisement on one of our dealer websites.

• Shopping for a used car at a dealership

  You can shop for a used car at a dealership with how much your car is worth in hand. This way you can find the deal you’re looking for and know how low a dealer can go without going too low.

Frequently Asked Questions

• Can I trade in a car if it is not paid off?

  Yes, you can trade in your car if it is not paid off. The car loan will need to be paid off using the trade-in money and you’ll get a new car loan for your new vehicle.

• What's a good price for a used car?

  The price of a used car will vary greatly depending on how much your car is worth, how old it is, how many miles it has traveled and how well it has been maintained. The best way to find out how much your car is worth in the current market is by getting an appraisal at Rocket Auto.

• What brand of car has the highest resale value?

  Typically, luxury brands like Mercedes-Benz, BMW and Lexus have the highest resale values. This means that you will usually get more money for these cars if you decide to sell them in the future.

• How do I select a specific engine when appraising a car?

  If you know which engine your car has, enter it into the Vehicle Details section. In the example above, you would select a V8 engine from the list of available engines.

• What is the value of a 2020 used vehicle?

  The value of a 2020 used vehicle can be approximated by how much your car is worth. Get how much my car is worth now to see how much your car might be worth in 2020.

• What is the value of a demo vehicle

  The value of a demo vehicle can be approximated by how much your car is worth. Get how much my car is worth now to see how much your car might be worth if it were a demo.

• What are the vehicle conditions used for True Market Value pricing?

  These are how the different vehicle conditions affect how much your car is worth.

  Excellent - Your car has no damage or wear. It looks brand new! This condition might be achieved by driving a low number of miles per year, having light colors on the exterior and interior, and taking great care of it. Some examples of how to maintain this condition include washing or waxing at least once a month, keeping it stored in a garage when not being driven, and getting repairs done as soon as possible. Areas of concern for people with Excellent condition cars include how well it has been maintained, how many miles have been put on it, how old it is, how much the car was used for business purposes, and how it looks inside and out.

  Good - Your car has no damage but does show some wear. This could be achieved by having light to moderate exterior colors that are well taken care of. Light interior colors might also reveal minor signs of use such as scratches or cracks in the upholstery. Good used cars should also go through regular maintenance like oil changes and tune-ups to make sure it has a long, healthy life. Areas of concern for people interested in how much my car is worth cars in Good condition include how many miles have been put on it, how old it is, how well the car was taken care of previously, how many previous owners the car has had and how frequently the car was used for business purposes.

  Fair - Your car shows some wear but does not have any major damage. It might show moderate exterior coloration or signs of dirtiness inside and out. Those looking at fair used cars should be aware that they will likely spend more money on repairs than if they bought a new car since worn parts will need to be replaced. Areas of concern when trying to determine how much my car is worth for cars in Fair condition include how many miles have been put on it, how old it is, how well the car was maintained previously, how many previous owners the car has had and how frequently the car was used for business purposes.

• How do you calculate the market value of a car?

  The market value of a car is how much you might expect to pay for your car when buying it from someone else. These prices can vary depending on the actual condition and how well kept your car is. The price can also vary according to how often and how far you drive it, how many miles the car has been driven and how well-maintained it is.