Image Image Image Image Image Image Image Image Image

21 May

By

Actual Cash Value (ACV)

May 21, 2014 | By |

Share This

A vehicle’s actual cash value, also called the market value, is essentially the price someone would pay to purchase that exact vehicle today. It’s determined by evaluating a number of factors, including the vehicle’s age and condition, as well as any prior damage, improvements, or special equipment.

« Back to Glossary Index