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The Black Book family of vehicle appraisal guides in the United States, providing vehicle pricing data, is published by National Auto Research, a division of Hearst Communications. New and used car dealers, lenders, manufacturers, fleet remarketers, and government agencies have used Black Book since 1955. Black Book provides values for both new ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
The first step in finding out the exact value of your car is to evaluate it objectively. According to Kelly Blue Book, owners overvalue their vehicles when setting an asking price. Note features ...
Actual cash value (ACV) ACV is used to determine how much of a payout you will receive for a totaled vehicle. It is determined by the replacement cost of your vehicle minus depreciation, which ...
According to insurance calculations, the Actual Cash Value (ACV) is determined by multiplying the current replacement cost of $2,500 by the remaining useful life percentage of 50%, resulting in an ACV of $1,250. This concept is different from the book value used by accountants in financial statements or for tax purposes. Accountants use the ...
A commonly quoted statistic says that new cars lose 10 percent or more of their value the minute you leave the dealer’s lot, and it’s true that any vehicle will lose value more rapidly during ...
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