Reviewed by: David Chen, CFA. This calculator provides an estimated Actual Cash Value (ACV) based on standard depreciation models and market adjustments. Consult a certified appraiser for a final valuation.
Use the **Actual Cash Value (ACV) Car Calculator** to estimate your vehicle’s current market value, which is essential for insurance claims, sales, or tax purposes. ACV is typically calculated as the replacement cost minus depreciation and condition adjustments.
Actual Cash Value Car Calculator
The Estimated Actual Cash Value (ACV) is:
$24,942.38Detailed Calculation Steps:
Actual Cash Value Car Calculator Formula:
ACV = RC × (1 – Rate / 100) ^ Years × (1 – Adjustment / 100)
Where:
Where:
- ACV: Actual Cash Value
- RC: Replacement Cost / Fair Market Value
- Rate: Annual Depreciation Rate (as a percentage)
- Years: Age of Vehicle in years
- Adjustment: Condition/Mileage Adjustment (as a percentage)
Formula Sources: Investopedia on ACV, Categories loan calculator