What’s the best way to determine what my car is worth?
I’ve done a lot of aftermarket work on my car, does this boost its value?
Aftermarket work is hit or miss with dealers. Since dealerships are typically trying to appeal to a broad range of buyers, having inventory that is meant for a specific audience of enthusiasts is typically not worth the money or space on their lot. In short, we typically don’t see much added value on cars with extensive aftermarket work, at least not on our marketplace.
I have a loan, but my car is worth less than the remaining balance. What are my options?
Carmigo works directly with lien holders to pay off any remaining balance of your loan. If there is a difference between your loan and the final sale price, we can take up to $2,000 on a credit card to bridge the gap. If the difference is larger than $2,000, we can accept a cashier’s check for the difference instead.
Is Kelley Blue Book a good way to find my car’s value?
Absolutely. KBB is a fantastic resource for finding the market value of your car, but there are a couple of things you should consider when using their tool.
Be mindful of which condition grade you select when getting a valuation. The vast majority of cars are considered to be within the “Good” condition grade. “Very Good” and “Excellent” cars are rare. Which condition grade you choose will have a significant impact on the value.
KBB can show you what your car is worth for a trade-in, in a private party sale and at retail. The “Fair Purchase Price” value is what you could expect to pay at a dealership for a used car, and it is significantly higher than what you can sell at private party value or on Carmigo.