The value of a car is based solely on its age: While age can be a factor in determining a car's value, it is not the only factor. Condition, mileage, and market trends can also impact a car's value.

A car's value is the same as its asking price: The value of a car as determined by an appraisal may not be the same as the asking price, especially if the seller is trying to get more than the car is worth.

Anybody can do a car appraisal: A professional car appraisal requires expertise and knowledge about the car market and specific make and model. An amateur appraisal may not be accurate.

A car's value is the same as its trade-in value: The trade-in value of a car is often lower than its fair market value, as dealerships need to make a profit when reselling the car.

A car's value is the same as what it was worth when it was new: A car's value decreases over time, so it is likely worth less than it was when it was new.

A car's value is the same everywhere: A car's value can vary based on location, as different markets may have different demand and prices for certain makes and models.

A car's value is the same as the amount of money put into it: The amount of money put into a car in terms of repairs and upgrades may not be reflected in its value, as the value is determined based on the market and condition of the car.