I believe market value would be what you would pay if you bought it off a dealership in good condition and replacement cost is the cost that it would take to repair the devalued automobile with the mileage and whatever damage you put on or has been done I want to double check that answer to be sure cuz I'm not 100% positive that is completely accurate
Market value is the amount a buyer would pay for the home and land in its current condition. It is influenced by factors such as proximity to good schools, local crime statistics, and the availability of similar homes. Replacement cost is the cost to rebuild the entire home.
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