How you calculate market value of car in Australia is via RedBook, Carsales, Glass's Guide and comparable sales, entering make, model, year, km and condition, with market value $10K to $30K average. To calculate market value, use RedBook.com.au free valuation entering rego or make, model, year, km, condition, with market value $18K for 2018 Toyota Corolla 100K km good condition. Use Carsales instant valuation free entering rego, with market value $17K to $19K private and $15K trade-in. Use Glass's Guide via NRMA free for members. Calculate via comparable sales method, looking at 5 to 10 similar cars on Carsales and Gumtree same make, model, year, km within 20K, average sale price $18K to $20K, adjusting for condition $1K, service history $500 and rego length $500. For example, 2018 Mazda 3 80K km good condition 5 comparable sales $19K, $18K, $20K, $19K, $18K average $18.8K, market value $18K to $19K. For formal insurance valuation, get valuer fee $100 to $200. So calculate market value via RedBook free valuation, Carsales instant valuation, Glass's Guide and comparable sales average of 5 to 10 similar cars $10K to $30K, adjusting for km, condition and rego, with private sale $2K to $3K more than trade-in.
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