How Do You Determine Actual Cash Value For A Used Car?
Actual Cash Value (ACV) is a term that can have different meanings depending on the situation. ACV is often used by car dealers to set the value of a customer’s trade in. ACV is also commonly used in reference to the value of a damaged vehicle. By weighing the ACV against the damage repair estimate you can better determine if the car should be junked or repaired. While many states have different laws and definitions for ACV, there are some useful websites that allow you to attain a rough estimate. Evaluate the condition of your car, writing down all of its details, including mileage. Refer to the Kelley Blue Book, NADA or Black Book website, all universally trusted sources for estimating used car cash values. Provide your zip code to receive the most accurate results. Select whether you want the trade in value (price a dealer might give you), private party value (price you would ask if selling the car yourself) or suggested retail value (what a dealer would sell the car for). Provide a
