When you buy a new car, there are various means available to make the cost more affordable - one of the most important being the ability to trade in your old vehicle for a significant discount. But do you really know what your current car is worth in today's market?

Finding out the used car trade in value of your vehicle could be a deciding factor in your choice of new car, and help you obtain a fair price from the dealership. If you don't already know the value of your car, there are several easy steps you can take to find out.

You shouldn't base your estimate on the price similar cars carry in classified ads or at car auctions, as even if cars are the same make, model and age as your own, there's a wide range of factors that can lead to a difference in price. What's more, the resell value of a car is usually different from its trade-in value, just as the loan value offered by a bank towards the cost of cars is different from the trade in value offered by a used car dealer.

You'll thus need all the information possible about your vehicle that could realistically affect its value, including the trim level if you know this information. If your car has any special features equipped as standard, such as power windows or leather seats, you should also make a note of these.

When you have all the information, head to a car valuation website and enter them as requested to get a free trade-in valuation for your vehicle. You will have to use your own judgement as to the condition of your vehicle, and should be realistic to avoid disappointment when it comes time to sell and receive your final price.

The value you obtain from websites should only be used as a rough guide to help you obtain a price you're happy with, and it can also be worth visiting several different dealers to find out which will offer you the best price. If you find that your car's value has slipped considerably since you first bought it, you may decide not to trade it in against the cost of your new car, but to give it to a family member or even sell it for parts. You may even choose to sell it yourself in the hope of receiving a higher price, provided you have the time and dedication to see the process through.

Paul Buchanan writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.