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The sale of any vehicle should start by getting a reasonable estimate of its value. Kelly Blue Book or Edmunds are two trusted sources for car valuations. In fact, you should get estimates from both sites.

Enter as much detail as you can about the car in order to get the most accurate value. You should focus on “private party,” since this is the sales route that you will be taking. They also provide “trade-in,” in case you want to go down that path, and “dealer retail,” which wont apply since you aren’t an auto dealer.

An accurate estimate of the value will be very important in pricing the car, particularly if there is a loan on the vehicle.

Get your loan payoff balance

Contact the lender who holds your car loan, and ask for the payoff balance. (Note: This will be slightly different than the balance on your last statement, as interest accrues daily.) Then compare the loan balance to the estimated value of the car. (daha&helliip;)