What does "base value" mean"?

What does "base value" mean"?

James Bell (Publisher, Auto Reviewer) gives expert video advice on: What does "balloon payment" mean?; What does "base value" mean"?; What does "buy here, pay here" financing mean? and more...

The base value of a vehicle is the actual base price of a car before you add any special options, upgrades, stereos, additional features, taxes, licences; just the real core cost of that vehicle.