Automotive calculators

Used Car Value Calculator

Updated Jul 9, 2026 By Jehan Wadia
Rate Formulas
Identify the Vehicle
0 / 17 Characters
OR
Vehicle Details
Odometer reading in miles.
Used to show pricing in your local market.
Switches results between seller and buyer framing.
Vehicle Condition
Excellent: Exterior — no dents or scratches; Interior — like new, no wear; Mechanical — no issues, all service current.
Good: Exterior — minor blemishes; Interior — light normal wear; Mechanical — fully functional, up to date.
Fair: Exterior — visible scratches/dings; Interior — noticeable wear; Mechanical — may need minor repairs.
Poor: Exterior — dents/paint damage; Interior — heavy wear/tears; Mechanical — needs significant repair.
Exterior Color

Calculating your estimate…

Your car's estimated value

2021 Toyota Camry XLE

Private Party Sale
$0
$0 – $0
What a private buyer would likely pay for this vehicle.
Dealer Trade-In
$0
$0 – $0
What a dealer would typically offer as a trade-in.
Dealer Retail / Certified
$0
$0 – $0
What a dealer would list this vehicle for on their lot.
Value Range Gauge
Estimate Confidence
High Confidence

Strong market data available for this year, make, and model in your area.

Mileage vs. Average

Your mileage: 62,000 mi — Average for this year/model: 60,000 mi

Near Average

Lower milesAverage (│)Higher miles
Accident History Impact
No Accident History
$0
−$0
With Reported Accident
$0

A reported accident can reduce your car's value. Actual impact depends on accident severity and repair quality.

Factors Used in This Estimate
FactorIncluded in This Estimate
Estimated Value by Model Year
Step-by-Step Solution

Introduction

If you want to sell your car, trade it in, or buy a used one, you need to know what it's worth. This free used car value calculator gives you a fast estimate based on the details that matter most: the year, make, model, mileage, condition, and your local market. You'll get three prices — what a private buyer would pay, what a dealer would offer as a trade-in, and what a dealer would charge on their lot.

Cars lose value over time. This is called depreciation, and it's the biggest factor in what a used car is worth. A brand-new car can lose 14% or more of its value in just the first year. After five years, many cars are worth less than half of their original price. High mileage, wear and tear, and accident history push the value down even more. You can explore year-by-year value drops in detail with our car depreciation calculator.

Enter your vehicle's information below to see where your car stands. The calculator shows a step-by-step breakdown of how it reached each number, so you can understand exactly what drives your car's value up or down.

How to Use Our Used Car Value Calculator

Enter your car's details below to get an estimated value. You will see three prices: what a private buyer might pay, what a dealer might offer as a trade-in, and what a dealer might list it for on their lot.

Choose how to find your car. You can search by VIN, license plate, or pick the year, make, and model yourself. If you use a VIN, type all 17 characters. If you use a plate, also pick the state it is registered in.

Enter your year, make, model, and trim. If you did not use a VIN or plate, pick the year first. Then choose the make, model, and trim from the dropdown menus. Each one unlocks after you fill in the one before it.

Enter your current mileage. Type the number shown on your odometer. This helps adjust the value based on how much the car has been driven. If you need to figure out how many miles you drive each year, try our mileage calculator.

Enter your ZIP code. Type your 5-digit ZIP code so the calculator can show prices for your local area.

Check the "I own this car" box. Turn this on if you own the car and want to sell it. Turn it off if you are a buyer looking at a car to purchase.

Pick your vehicle's condition. Choose Excellent, Good, Fair, or Poor. Click "What does this mean?" if you need help deciding. Be honest — this has a big effect on the price.

Pick your exterior color. Choose the color that matches your car. Common colors like white, black, and silver tend to hold value a bit better.

Add optional features. Click "Add optional features" to open the list. Check any extras your car has, like a sunroof, leather seats, or all-wheel drive. These can raise your car's value.

Click "Get My Car's Value." The calculator will show your estimated private party, trade-in, and dealer retail prices along with charts, a confidence score, and a step-by-step breakdown of how the value was found.

How Much Is a Used Car Worth?

A used car loses value the moment it leaves the dealer lot. This drop in price is called depreciation. On average, a new car loses about 14% of its value each year. After five years, most cars are worth less than half of what they cost when new. Some brands hold their value better than others. Trucks and SUVs tend to keep more value than sedans. To see how depreciation affects any vehicle over its full lifespan, use our car depreciation calculator. You can also calculate the percentage decrease between the original price and the current value to see the total loss.

Several things affect how much a used car is worth. The year, make, model, and trim set the starting point. A higher trim level means more features, which adds to the price. Mileage matters a lot — cars driven more than about 12,000 miles per year are worth less than average, while low-mileage cars are worth more. The condition of the car plays a big role too. A car with no dents, clean seats, and no mechanical problems will sell for more than one that needs repairs.

Exterior color can slightly change a car's value. Neutral colors like white, black, and silver are the most popular and tend to sell faster. Where you live also matters. Car prices shift from region to region based on local demand and supply.

There are three main ways to think about a used car's price. Private party value is what you could get by selling directly to another person. Trade-in value is what a dealer would offer you when you trade your car in for a different one — this is usually the lowest number. Dealer retail value is what a dealer would charge a buyer on their lot — this is usually the highest number. The gap between trade-in and retail is how dealers make their profit. If you're considering leasing your next vehicle instead of buying, our lease calculator can help you compare monthly costs.

A car's accident history can also lower its value. Even if repairs were done well, a reported accident can reduce the price by around 5% to 15%. Optional features like leather seats, a sunroof, or all-wheel drive can add value, but they don't hold their full original cost over time. These extras depreciate along with the rest of the car. Once you know what your car is worth, you can plan your next step — use our used car loan calculator to estimate monthly payments on your next purchase, our auto loan calculator to compare financing options, or our car insurance calculator to estimate coverage costs. If you already have a loan on your current vehicle, our auto loan payoff calculator can show you how much you still owe. And if you want to understand the ongoing costs of ownership, tools like the fuel cost calculator and gas mileage calculator can help you budget for what you'll spend at the pump.


Formulas used

Depreciated Value
V_{dep} = V_{base} \times 0.86^{\,age}
Mileage Adjustment
\Delta_{mi} = -\,(M_{actual} - M_{expected}) \times 0.06, \quad |\Delta_{mi}| \le 0.25\,V_{dep}
Private-Party Value (Adjusted)
V_{private} = (V_{dep} + \Delta_{mi}) \times C_{cond} \times R_{zip} \times C_{color} + O_{options} \times 0.86^{\,age}
Dealer Trade-In Value
V_{trade} = V_{private} \times 0.86
Dealer Retail Value
V_{retail} = V_{private} \times 1.15
Accident-History Impact
V_{accident} = V_{private} \times 0.94

Frequently asked questions

What is the difference between trade-in value, private party value, and dealer retail value?

Trade-in value is the amount a dealer will offer you when you hand over your car and buy a different one from them. It is the lowest price. Private party value is what another person would pay you if you sell the car yourself. Dealer retail value is the price a dealer puts on the car when they sell it on their lot. It is the highest price. The gap between trade-in and retail is how dealers cover their costs and make a profit.

How accurate is this used car value calculator?

This calculator gives you a solid estimate based on the year, make, model, trim, mileage, condition, color, ZIP code, and optional features you enter. It is not an appraisal or a guaranteed price. The confidence score shown in your results tells you how strong the estimate is. For the best accuracy, use the Year/Make/Model tab, enter your exact mileage, and choose the right condition. Real sale prices can vary based on local demand, timing, and how the car looks in person.

What does the confidence score mean?

The confidence score tells you how reliable your estimate is. High confidence means you gave enough detail for a strong estimate. Medium confidence means some details were estimated or missing. Low confidence means the car was identified indirectly, like through a license plate, and less data was available. You can raise your score by entering the year, make, model, and trim directly, adding your mileage, and using a valid ZIP code.

How do I find my VIN number?

Your VIN is a 17-character code made of letters and numbers. You can find it in these places:

  • The driver's side door jamb — open the door and look at the sticker on the frame.
  • The base of the windshield on the driver's side — look from outside the car.
  • Your car insurance card or policy.
  • Your vehicle registration or title document.

Why does mileage affect my car's value so much?

Mileage shows how much the car has been used. More miles mean more wear on the engine, brakes, tires, and other parts. The average car is driven about 12,000 miles per year. If your car has more miles than that average for its age, the value goes down. If it has fewer miles, the value goes up. A car with very high mileage may also need expensive repairs sooner.

How do I pick the right condition for my car?

Excellent means the car looks and runs like new with no scratches, dents, or mechanical issues. Good means it has minor wear like small blemishes but runs fine. Fair means it has visible scratches, dings, or noticeable interior wear and may need small repairs. Poor means it has dents, paint damage, torn seats, or needs significant mechanical work. Be honest when you choose — picking a higher condition than the car deserves will give you a price that's too high.

Does the color of my car really change its value?

Yes, but only by a small amount. White, black, and silver are the most popular colors for used cars. They tend to sell faster and can hold their value slightly better. Unusual or bold colors may limit your pool of buyers, which can lower the price a little. The difference is small compared to factors like mileage and condition.

How much value do optional features add to a used car?

Features like a sunroof, leather seats, navigation, or all-wheel drive can add value, but they do not hold their full original cost. As the car gets older, the added value from extras shrinks along with the rest of the car's worth. For example, a leather interior that added $900 when new might only add a few hundred dollars to a 7-year-old car.

How much does an accident lower a car's value?

A reported accident typically lowers a car's value by about 5% to 15%. The exact drop depends on how bad the accident was and how well the car was repaired. Even a minor fender bender that was fixed perfectly can still reduce the price because buyers see accident reports and worry about hidden damage.

Why does my ZIP code affect the price?

Car prices change from one area to another. In places where a certain type of car is in high demand, prices go up. In areas where there are many similar cars for sale, prices may be lower. Weather, local economy, and driving habits also play a role. For example, trucks and SUVs may sell for more in rural areas, while small sedans may be more popular in cities.

What does the depreciation chart show?

The depreciation chart shows how the estimated private party value of your car changes across different model years. It plots the value from 10 years ago up to the current year. A red line marks your car's model year so you can see where it falls on the curve. The chart helps you see how fast your car has lost value and how much more it may lose in the future.

Should I use the VIN or Year/Make/Model method?

The Year, Make, and Model method gives a higher confidence score because you pick the exact vehicle details yourself. The VIN method is faster if you have your VIN handy, but because this calculator estimates the vehicle from the VIN rather than looking it up in a live database, the confidence may be lower. For the best results, use the Year/Make/Model tab and select your exact trim.

What does the 'I own this car' checkbox do?

This checkbox changes how the results are worded. If you check it, the results are written for a seller — for example, 'What a private buyer would likely pay you.' If you uncheck it, the results are written for a buyer looking at a car to purchase. The estimated values stay the same either way.

What is a trim level and why does it matter?

A trim level is a version of a car model that comes with a specific set of features. For example, the Toyota Camry comes in LE, SE, XLE, and XSE trims. Higher trims have more features like better sound systems, leather seats, or bigger engines. Higher trims cost more when new and are also worth more as used cars. Picking the right trim helps the calculator give you a more accurate estimate.

Can I use this calculator for any car brand?

The calculator includes data for many popular brands like Toyota, Honda, Ford, Chevrolet, Nissan, BMW, Tesla, Jeep, Subaru, and Hyundai. If your brand or model is not listed in the dropdown menus, you can try using the VIN search to get an estimate. The tool works best with the makes and models it has built-in data for.

How fast do cars lose value each year?

On average, a car loses about 14% of its remaining value each year. The first year usually has the biggest drop. After five years, most cars are worth less than half of their original price. Some vehicles, like trucks and certain SUVs, hold their value better than sedans. Luxury cars often lose value faster in the early years.

What should I do after I get my estimate?

If you plan to sell, compare the private party value to local listings for similar cars. If you plan to trade in, use the trade-in value as a starting point when you talk to a dealer. If you are buying, use the dealer retail value to see if a listing price is fair. You can also click Run Another Estimate to check a different vehicle or change the details and recalculate.