What’s the Value of My Vehicle? How Is That Determined?

At one point in your life, you might be wondering ‘what's the value of my vehicle?’. It would depend on a wide range of factors. For example, mileage, year, and a model of the vehicle, warranty, service history, and even such things as market trends, and the area where you live.

Of course, you would have to do your own research and at least try and answer the question ‘what's the value of my vehicle?’ beforehand. It is vitally important to understand what makes your car worth more or less than a similar vehicle.

That way, you will know what you can expect from the deal and prepare for it when you go to get a title loan online.

All You Should Know About Your Vehicle's Value

How to Calculate the Value of Your Vehicle?

Nowadays, a lot of websites can help you find the answer to the question ‘what's the value of my vehicle?’.

All you have to do is select the year, model, mileage, the zip-code, and city name. Then, list the car’s amenities and be honest about its condition.

You will get the final report after you have entered all the necessary information.

The Types of a Vehicle’s Value

Did you know that your vehicle has multiple values? Those depend on who is doing the selling and buying.

  • Retail value - This one refers to the price of similar models if they are being sold at a car dealership.
  • Trade-in value - In case you don’t want to sell the vehicle yourself and you’d prefer to trade it in to a dealer, you can expect the professional to offer you a trade-in value.
  • Private-party value - This is the price you would expect to pay when trying to buy a vehicle from an individual. Take this value into consideration, if you’re selling the car on your own.
  • Current market value - Certain sites track car prices and sales nationwide. Such real selling prices help provide an up-to-date price estimate.

What Does the Value of Your Vehicle Depend on?

Year and Model

With newer cars, you can expect to lose up to 25% of its cost within the first year. If you have a more expensive model, the losses might be even higher.


What's the value of my vehicle? Well, the more you’ve used the car, the cheaper it gets.


You can’t expect to get a huge sum for the vehicle, in case the owner hasn’t been treating it well. Make sure to perform regular car maintenance to keep it in top condition!

Market Trends; Demand

You will get more for the vehicle if it’s in demand. Sometimes, even the car’s color can affect that. For example, black vehicles usually have a lower demand as black shows scratch marks.


You might be surprised, but when asking yourself ‘what's the value of my vehicle?’, you should also think about the region you live in.

Different weather conditions will affect how the car ages. Whether the area is urban or rural plays an important role as well. Trucks would likely be worth more in rural areas, for example.

How Can I Use the Value of My Vehicle to Get a Title Loan Online?

preparing a car to raise the vehicle value

Title loans require an asset as collateral. Usually, that’s your vehicle. The loan company will be able to lend you up to a certain percent of the vehicle’s value.

The great news is that nowadays you can get an online title loan you can receive your money as quickly as in 30 minutes.

Moreover, you don’t need a check-in account to qualify, and you can even have bad or non-existent credit. Finally, you get to keep your car when you take out a title loan online.

What Does the Process Look Like?

  1. Fill out the application online by clicking the “Apply now” button on the top right on the website.
  2. Receive a call from a representative. He will schedule an appointment with a verification agent at a place that’s most comfortable for you. The agent will drive there to meet with you and bring the loan documents that need your signature.
  3. Grab the documentation you are going to need (driver’s license or state-issued ID and lien-free title to the vehicle) for the meeting with a verification agent at a designated time and place.
  4. Let the representative quickly appraise your vehicle and establish the amount you’re qualified for.
  5. Sign the loan documents and get your money.

If there is an emergency that requires a certain sum of money in the shortest term (medical bills, unexpected travel expenses, or repairs), you might want to consider getting a title loan online in Missouri.

Remember that you must be at least 18 years of age to qualify and that you can get a title loan online with the title from cars, vans, or trucks (not RVs, trailers, boats, or motorcycles).

Get Your Title Loan Online Today!

What's the value of my vehicle? That’s a question every car owner had asked himself at least once.

Of course, the value would depend on a wide range of factors, and, at times, it might be difficult to determine the exact value. But knowing the approximate numbers is always helpful.

Whether it would be a car dealer assessing the value of your vehicle or a loan service representative, you now at least know what to expect. And if you ever decide to use the value of your vehicle to receive emergency fund, don’t hesitate to get in touch with Missouri Title Loans, Inc. You can apply for a car title loan online today and get your cash in no time!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.