You need to know the cash value. A car is only worth what someone is willing to pay for it, so tools like Kelly Blue Book aren't handy when selling. Cash value is what the car is worth today at its bottom; usually, what a dealer will pay you on the spot if you traded it in. The best and easiest way to get the estimate is to go to CarMax and have the vehicle appraised, yes, it's free; that amount becomes the BCV the car is worth.
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Education is key to knowing what your car is worth. Nothing prevents you from calling the dealer to understand how much margin they make from you on that new car you have had your eyes on. It's a great way to determine what a car is worth.
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