WHAT is my CAR WORTH??

Question

Im looking to see if anyone would have a guess as to what the value of a 2002 Ford Explorer with around 70 thousand miles would be? Thank you! (has a lot of updates like transmission and brakes and such)

Answer 1

The value of your Ford Explorer is between $1,135 - $8,355, it depends what kind of model you have

Answer 2

That depends on the overall condition of it. Do the tires need to be replaced? Are the carpets or seats stained or worn through? How about the headliner? How many nicks, dings and scratches does it have? Is the paint fading, peeling or rusting? Are interior or exterior trim pieces falling or fallen off? How about the windshield? Is it pitted, scratched, cracked or has a hole in it? What about the rest of the glass? Do all the options work as they should? What about all the standard stuff like turn signals, wipers, horn? What about accidents? How many has it been in and how much were the repairs?

There is far too many variables in appraising a vehicle. Without actually seeing the car and taking it on a drive, no one can give you an accurate number on it.

But one thing you can count on ... 2002 SUV's, in average condition, are getting about $2,000 to $3000 back of blue book. Nobody wants them. Try going to edmunds.com and kbb.com. Use their appraisal guides, putting in your model, mileage and options and use the "fair" grade for overall condition. Then take $3000 off what they show. That should get you within the ballpark.

Answer 3

There are a bunch of places to check car prices on the Internet. NADA guides is one - but since they are owned by the car dealers association I never recommend them. KBB is another. Driverside.com is a new site and they have a couple of extras - great data showing price based on mileage; DriverSide Estimate where they search actual listings to find what cars are actually selling for in local markets; and estimates for trade in pricing.  You also have to discount any price you see because the price on BIG cars is dropping daily due to the price of gas.  I doubt any of the pricing systems have caught up with the shrinking demand for big cars.

Answer 4

With the prices of larger SUVs hitting an all time low and getting lower at an alarming rate none of the online guides will be accurate.

Fuel prices and the poor economy have killed the SUV market.  The best thing to do is to take it to a Carmax and have them appraise it.  BUt remember their price will be a wholesale/auction price.