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How do you determine a car's value?

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New Visitor

How do you determine a car's value?

Are we talking about private party value or dealer value? Is there a standard place to get the value? NADA, KBB?

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Moderator Emerita

Re: How do you determine a car's value?


@drowning1 wrote:

Are we talking about private party value or dealer value? Is there a standard place to get the value? NADA, KBB?


Excellent questions!

In my Bk district they used NADA as a value for the vehicle. Ask your attorney or your paralegal that works for the attorney - they will know which value is used in your district Smiley Happy

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Regular Contributor

Re: How do you determine a car's value?

+1 always ask attorney or legal assistant

Filed Ch 13- 8/29/17
Message 3 of 5
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Senior Contributor

Re: How do you determine a car's value?

I used KBB.com, private party sale value in my 2010 BK7. The Trustee asked me what I used for valuation and apparently accepted KBB.com, as it was close - in AZ you get a $5k exemption for 1 personal vehicle, and kbb.com said it was worth $4600 (I owned it free & clear).


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Established Contributor

Re: How do you determine a car's value?

the amount might be lower than BB. If they have to sell at auction to pay creditors, they will get less.

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