The fair market value of a car means the price that the car could be sold for on a particular date in the open market. The price that would be agreed upon between the willing buyer and the willing seller.
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what is the fair market value of my car
The fair market value of your car can be obtained by doing a car valuation. Companies like AA carry out professional car valuations free of charge if you are a member. Some websites will even give you an estimate of your car's market value after processing some details on your car.
Fair market value (FMV) is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured...