Saturday, December 10, 2011

Where can i find the loan value of a used car?

Basically what a finance company uses to determine the amount of money they will lend towards the purchase of a used car. I'm not looking for a trade-in, retail or private seller value - things i can obtain from Kelly Blue Book or Nada. I'm looking for a calculator that will give me the loan value of a used car based on the year, make, model and mileage.|||there is one on MSN, i have to find it thought will edit this post and report w/ a link..





*edit*


http://autos.msn.com/kbb/default.aspx


it starts off w/ KBB but when you hit the next buttion you can pick everything with the car and itll tell you, its accurate IMO.|||Don't know the exact answer but it is usually 80% of the average black book value. The black book value is the actual cash value of a used car for dealers. Trade values are based on how much over black book the dealer offers for your trade which again is based on how much they are willing to sell the next used car for.





If a vehicle has a BB value of 5000, the LV is 4000. If it sells for 6000, the buyer needs 2000 in cash or trade. One way to bypass this is super credit rating. They lone the full amount then based on the person, not the vehicle.|||you can call your local bank,,and they can very quickly tell you the value of the car your interested in,by the standard,s you are setting here,,they will calculate mileage,,condition,year,,even color,,as far as a calculator that does it,,i don't know of one,,all seller,s and most buyer,s use this method i have mentioned,,it isn't actually done by a calculator,,it,s done by a series of information that determine,s the value,,but is based on the information you give it,,nothing else so the more accurate you are the more the car will be assessed at,,hope this will help you some.|||NADA actually gives loan value on vehicles, it's mixed in with the value breakdown with "wholesale (or trade)" and "retail".|||Most institutions that give car loans use Kelly Blue Book to determine the value of the loan. Usually they will only loan you up to the amount of what Kelly Blue Book lists as retail. Some institutions might have different policies, to be sure, the best thing to do is to call up the institution you plan on securing your loan from and ask them.

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