Glossary / General

market value

15 Episode Mentions

Too Afraid to Ask

Market value is how much a car is worth if you were to sell it right now. It's based on how much similar cars are selling for.

Technical Definition

Market value refers to the price that a car would sell for in the current market, based on factors like condition, mileage, and demand. It's important for insurance purposes to ensure that a car is adequately covered.

Hear It Discussed

"...you don't necessarily insure a car like this for market value, because you have too much invested in it."
The Importance of Great Insurance (Jason Crashed his Rover SD1) — The Carmudgeon Show Episode Ep. 197 The Carmudgeon Show 32:17

"If you want definition value and market value out of your vehicle and you want it right now, put it on Facebook Marketplace."
Stephen Cox TV host, racer and longtime voice of Mecum auctions. CarCast 30:33

"You need to know what the market value is of your vehicle. [1815.5s] And how do you do that? [1816.6s] You can even go to our website and get offers"
Carvana Just WARNED the Car Market | Episode 1062 CarEdge Live 30:08