It also determines
the exact value of the car that must be reimbursed to the owner in the event that the car is stolen, or goes through a major accident or total loss.
Not exact matches
If you and I make the
exact same amount
of money, we live in the
exact same
value of house, we have the same kind
of car, our kids go to the same kind
of schools, shouldn't we pay the same federal income tax?
Companies like NADA Guides and Edmunds provide
car depreciation estimation services, but you can never be sure
of what your
car's
exact value will be at any point in the future.
Different lenders place different point
values on the same bits
of information thus while you will never see the
exact same credit score from a
car and mortgage lender they typically are not very far off, typical variations range from 10 - 30 points.
Ensure
exact IDV
value for your vehicle to get right premium, this ensures the transparency
of your
car value.
Agree on the
value of your
car when writing your policy and get that
exact amount if your vehicle is stolen or totaled by a covered loss.