How is Vehicle Value Calculated?

[housepoor]

Our paperwork says to use the private party amount.

[AngelinaCatHub]

I calculated on KBB, but it was obviously different for trade in and private value.

KBB is usually the gold standard. There are three prices and you can go online and see. Also it depends in the shape it is in. Tires, paint, past history, general condition. To devalue the car, give the kids a hammer, THAT will reduce the value. LOL 'Hub

[ERue]

I calculated on KBB, but it was obviously different for trade in and private value.

[Flamingo]

Depends on what is used for your district...ours were valued at Blue Book value.

[ERue]

Is it based on the trade in value or the private party value? Our SUV that we own is under the exemption amount for the trade in but not for the private party, so I was just wondering.