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If I bought my car in 2017 brand new and put the car in service with a rideshare company 2 years later, how can I determine what the fair market value was in 2019?

 
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JoannaB2
Expert Alumni

If I bought my car in 2017 brand new and put the car in service with a rideshare company 2 years later, how can I determine what the fair market value was in 2019?

The fair market value of the car is determined based on the model, year and make of the car, total mileage used, condition of the car, your location, and many more.  The local car ads or any fair market website will help you determine the fair market value of your car. 

 

Before you donate or sell your car, it's important to calculate its fair market value (FMV). The FMV will tell you how much your car is worth on the private market or for tax purposes.

 

 

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