Car Depreciation Calculator
Estimate your car's current market value
📖 How to Use the Car Depreciation Calculator?
- Step 1: Enter your Car Brand & Model.
- Step 2: Input the Original On-Road Price when purchased.
- Step 3: Select Purchase Year and enter Kilometers Driven.
- Step 4: Choose Fuel Type, Condition, and Number of Owners.
- Step 5: Indicate Insurance Validity and City/Region.
- Step 6: Click "Calculate Depreciated Value".
- Step 7: View Current Market Value, Resale Range, and total depreciation percentage.
❓ Frequently Asked Questions (FAQ)
1. How much does a car depreciate per year in India?
A new car loses 15-20% value in the first year itself. After that, expect 10-15% depreciation annually for the next 4-5 years. After 5 years, depreciation slows to about 8-10% per year. Premium and luxury cars depreciate faster than mass-market models.
2. Do diesel cars depreciate faster than petrol?
Yes, after the 10-year diesel ban rule in Delhi NCR and stricter emission norms, diesel car resale values have dropped significantly. Diesel cars now depreciate 18-20% per year compared to 15% for petrol. After 7-8 years, diesel resale becomes very difficult in metro cities.
3. What factors affect car resale value the most?
Key factors: 1) Brand & Model (Maruti, Toyota, Honda hold value best), 2) Kilometers driven (lower is better), 3) Number of owners (1st owner gets best price), 4) Service history (full service record adds 5-8%), 5) Color (white, silver resell fastest).
4. How is depreciation calculated for insurance claims?
Insurance companies use IDV (Insured Declared Value) based on the car's ex-showroom price minus depreciation. For parts: Rubber/plastic parts 50% depreciation in 1 year, metal parts 0-30% depending on age. This is different from market resale value, which our calculator estimates.
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