Can you help me? Need to know how to find amount of equity is in my car.

[sweetpea74]

I have had my car for 14 months and need to get a larger vehicle. I need to know how much equity I have in my car so that I am not getting ripped off.

[YogsVR4]

Look at www.kbb.com at the used car listings to get an idea what its worth. Selling a car thats only 14 months old means you are going to take quite a depreciation hit.













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[enginerd]

I'm afraid equity in cars is like saying jumbo shrimp. You've a greater chance of getting hit with spacelab than making money on a car. I'd see how much you owe on it and look in the paper and see how much similar cars are going for and figure out how much you could realistically get for it and make up the difference with cash or a signature loan. I'm trying to sell my car and plan on taking a 700$ hit on it. (P.S. never borrow money on a car-you will always lose) My next car will be paid for cash-money and I'll never worry about selling a car again.

[SpeedFan]

Originally Posted by sweetpea74

I have had my car for 14 months and need to get a larger vehicle. I need to know how much equity I have in my car so that I am not getting ripped off.

Calculate current used cars values. Free valuations for every used car up to fourteen years old.