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- Book value is a price guideline that the automotive, insurance and car finance industries use to arrive at an approximate value1. Trade-in value is the average amount a car dealer will be willing to pay for your car, determined by what similar cars have sold for in the past23. The trade value is typically lower than the retail value purely because the dealership still needs to add a profit margin to the price3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.He explained that the book value is therefore a price guideline that the automotive, insurance and car finance industries us to arrive at an approximate value. “The market (or trade) value, on the other hand, is the price that can actually be obtained by selling an asset on a competitive or open market.businesstech.co.za/news/motoring/257815/the-diffe…The retail value is what your car would sell for if you were to buy it from a dealership. The retail price is usually also the closest value to the replacement cost of the car. What is the trade-in value of your car? The trade or book value of a motor vehicle represents the average price that a dealership would pay for your car.www.santam.co.za/blog/car-advice/should-i-insure …Sometimes also called the ''book value'', this is the average amount a car dealer will be willing to pay for your car. This value is determined by what similar cars have sold for in the past. The trade value is typically lower than the retail value purely because the dealership still needs to add a profit margin to the price.buymycars.co.za/post/your-car-retail-vs-trade-vs-m…
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WEBMay 30, 2024 · Book value and market value are two financial metrics used to determine the valuation of a company and whether the stock trades at a discount or premium.
WEBMar 31, 2023 · Book value is based on its balance sheet; market value on its share price. If book value is higher than market value, it suggests an undervalued stock.
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WEBSep 8, 2020 · Book value is the value of a business as it pertains to its books, or accounts, as reported on the company's financial statements – particularly its balance sheet. It's used to...
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WEBAug 15, 2022 · The trade-in value is the amount that a car dealer pays you toward the purchase price of a new or used car in exchange for your old car. The savings can be in the thousands depending on the...
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WEBFind the car's book value. The first step in assessing a used vehicle's true worth is to check its book value. This is the figure you'll find in pricing guides and used-car pricing...
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