COVID + high fuel prices. How much is my car worth?
I question whether I really need two cars. I can only drive one. What if I sell one?
What if I'm in an accident and it's not my fault and insurance pays for my car? How much would I get?
I was thinking about the Avalon hybrid and first used Kelly Blue Book to see what they said. According to KBB the car has a trade in value of $9,600 and a private party value of $11,500, give or take a thousand.
But when looking for a similar Avalon, I can't seem to find one for less than $17,000, for similar miles and years, and those are over 500 miles away. Searching closer to home prices are even higher. Carmax has one for $21,000, same year and color, but with lower miles at 75k instead of 115k, only 300 miles away (in NM, which I believe is a cheaper market than Colorado).
I owe $3,000 on it.
I'm tempted to try to sell it.
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