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How much is a used 2008 Chevy Malibu worth?
My mom has a 2008 Chevy Malibu that she only drives on occasion. However, she told me she’s not getting any younger, so she’s going to buy a convertible. She wants to know if I want to buy her car—how much is a 2008 Chevy Malibu worth?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Your mom sounds like she has the right idea! Generally speaking, a used 2008
Chevy Malibu
is worth between $1,300 and $4,500. If you want to be a great kid, offering her fair value for her car would be a nice gesture.What makes one 2008 Malibu worth $1,300 and another worth $4,500 is in the details. Some of the biggest factors that determine resale value are:
- Mechanical condition
- Cosmetic condition
- If the car has been in an accident
- Engine type (2.4-liter four-cylinder or 3.6-liter V-6)
- Trim level (LS, 1LT, 2LT, LTZ)
- Optional equipment and features
- Mileage
Once you have the information listed above or the Malibu’s VIN (vehicle identification number), use an online vehicle valuation tool to assess a fair value for the vehicle. Top sites for vehicle valuation include:
If you decide to buy your mom’s 2008 Chevy Malibu, you need to get a new car insurance policy to legally get behind the wheel, but that doesn’t mean you have to pay a ton. To find the best rate, check out the
Jerry
app. In under a minute, Jerry will provide personalized quotes from over 55 top-rated providers to choose from!MORE: 7 things to look for when buying a used car
View full answer
- Gregory R.
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