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Book value is not intended to provide an accurate valuation of the asset meaning it will not reflect the market value.
Book value of car meaning. Generally cars with higher mileages have lower resale values because they tend to have higher levels of wear and tear. Book value is equal to the cost of carrying an asset on a company s balance sheet and firms calculate it netting the asset against its accumulated depreciation. It will help you work out the approximate book value of your car easily and free.
Find values by vehicle type. Select the make of the car you want to get the book value of select car make alfa romeo aston martin audi bmw cadillac chana chery chevrolet chrysler citroen daihatsu dodge fiat ford foton gonow gwm hafei honda hummer hyundai isuzu jaguar jeep kia land rover lexus lotus mahindra mazda mercedes mini mitsubishi nissan opel peugeot porsche proton range renault smart ssangyong subaru suzuki. Get nada values for used cars certified pre owned cars and more brought to you by nada used car guide.
Our values are the results of massive amounts of data. In insurance terms this means that if your car is covered for its retail value and it is written off in an accident or stolen without being recovered the settlement amount will be based on the car s retail value. The book value is only meant to provide an understanding of what percentage of the asset s cost has been expensed depreciated.
The kelley blue book private party value reports on a fair price when selling the car to an individual instead of doing a dealer trade in. Differentiate between book value and market value. Book value co za is a free to use car book value calculator.
Book value or intrinsic value for a company is pretty much the same thing it s the dollar value of the firm after you subtract debts from the value of assets the business owns this is useful information because you can compare book value to the company s stock. These include how well a car is looked after any extra features included and how rare or desirable colour or trim. The black book is a car valuation guide that can be used to help determine the value of used cars.
To use the book value calculator simply follow the steps above to get the approximate book value of your car. Several factors decide a car s value however. If you subtract the balance of a car loan from the fair market value of the car what you have left is your equity in the vehicle.
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