actual cash value
Actual cash value is how much your car is worth right now, considering how old it is and how much it has depreciated. Insurance companies use this value to decide how much money to give you if your car is damaged beyond repair.
Actual cash value (ACV) is the amount of money an insurance company would pay to replace or repair a vehicle, factoring in depreciation. It's often used in insurance claims to determine the payout for a totaled vehicle.
Hear It Discussed
"The 32nd actual cash value for your vehicle, it takes it directly into our VINQ system and appraises it right there."
"Your Presence Is a Lie!" The 60-Second Car Deal: One Dealer's Bet on the Future of Retail (& The Numbers Behind It) | Jon Alcorn, Operating Partner at Dogwood Automotive Group Car Dealership Guy Podcast
"what you're getting paid on actual cash value. They're looking at what is the market?"
Diminished Value & Loss of Use: Protecting Your Investment with Steve Calamusa Porsche Club Insider
"if you're getting paid less than the native value of your car you should complain"
How to get the most out of your insurance settlement The Car Doctor Podcast
Cars Known For This
Episodes Mentioning "actual cash value"
"Your Presence Is a Lie!" The 60-Second Car Deal: One Dealer's Bet on the Future of Retail (& The Numbers Behind It) | Jon Alcorn, Operating Partner at Dogwood Automotive Group
Car Dealership Guy Podcast
Basic financial responsibility tips for novice car drivers and owners
My Car Guru Podcast
How to get the most out of your insurance settlement
The Car Doctor Podcast
Diminished Value & Loss of Use: Protecting Your Investment with Steve Calamusa
Porsche Club Insider
Miscellaneous ramblings and observations about the failure of many parents...and the car
My Car Guru Podcast
#415 - Stop Chasing Payments: A Smarter Way to Run Dealer Collections
The Independent Dealer Podcast
Chapter 2: What would you do if these common situations happened to you and your automobile?
My Car Guru Podcast
When buying a new vehicle, negotiate with your wife or husband first....here's how that works
My Car Guru Podcast
Here are the most common Car Guru questions answered at speeds of up to 100 words per minute
My Car Guru Podcast
Help Improve This Entry
Spot an error or have a better explanation? Let us know.