Actual Cash Value (ACV) is what dealerships are paying for vehicles, just like yours. In other words, ACV is the financial worth of your car, truck, or SUV. For example, if you have purchased a new Jeep Cherokee from Ron Carter Chrysler Dodge Jeep Ram a few years back, your vehicle will not have the same value as it does now. All vehicles experience some type of depreciation, meaning it loses value over time. These changes occur from time, regular wear and tear, age, and mileage.

How Do I Calculate the Actual Cash Value For My Vehicle?

If you are wondering how to calculate the actual cash value for your car, we are here to help. You will want to subtract the depreciation from the replacement cost. You will also want to think about the wear and tear costs that add up after you purchase your vehicle. Whenever you calculate actual cash value, the value will be lower than your total car loan.

At The Original Ron Carter, you can calculate your total car value by utilizing our Get Your Blue Book® Value tool. Simply enter some vehicle information such as the make, model, year, and mileage. From there, you will add on additional information such as upgraded features and the exterior color. Let us know the condition of your vehicle—and there you have it! We'll help you calculate your vehicle's ACV in no time.

Visit The Original Ron Carter to Learn More About ACV

If you still have questions about actual cash value, we recommend looking over your vehicle policy. You can also contact our finance center, serving the Pearland and League City areas.

Categories: Finance