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By Deal Pack - April 4, 2013
ACV is the abbreviation for Actual Cash Value. This term refers to the wholesale value assigned to a vehicle at trade-in, repossession or purchase. An ACV is a vehicle appraisal based on valuation guides and adjusted to accommodate necessary reconditioning costs. There tends to be confusion at times whether the trade allowance and trade ACV should be the same amounts. A trade allowance is the credit amount a dealer provides to the customer for the vehicle they are trading in. The ACV is what the vehicle is worth and can be more or less than the trade allowance.
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Advanced Business Computers of America (ABCoA) develops and supports end-to-end software solutions for the subprime finance industry. Since 1983,
we have helped automotive dealerships and finance companies eliminate duplication, remain compliant, and achieve success with dependable, all-in-one software and white glove service and support.
Deal Pack is a complete, all-in-one software ecosystem customizable to your exact needs and scalable to your exact size - helping improve your operations, grow your business,
and solve the challenges you face. Whether you are a finance or sales company, multi-entity or publicly traded company handling BHPH or LHPH, operating or capital leases,
internal or external floor-planning, retail, rentals, consumer loans, origination, or seasoned paper, Deal Pack is the dependable software for mission critical operations.
Deal Pack handles all of your business needs transparently – providing you measurable improvements and complete financial control, saving you time,
increasing your bottom line, and allowing you the freedom to focus on your daily operations. Deal Pack is relied upon by thousands of customers across
all 50 states in the United States and six countries around the world. Customers properly using Deal Pack have never lost an IRS audit.
To learn more about ABCoA, visit www.abcoa.com.