Glossary Terms

Vehicle Appraisal

A vehicle appraisal determines how much money your car is currently worth.

A vehicle appraisal determines how much money your car is currently worth. While you don't need a formal appraisal when refinancing your car, an appraisal can come in handy if you wish to sell or trade in your vehicle. Your car can be appraised informally at the dealership, formally by a vehicle appraisal specialist, or online on sites such as KellyBlueBook.com.