Common questions about Vehicle Depreciation Calculator
How does car depreciation work?+
Year 1: 20-30% drop. Year 2-3: 10-15% per year. Year 4-7: 7-10% per year. Year 8-15: 5-7% per year. After 15 years: minimal market value, mostly scrap value.
Best brands for resale value?+
Top resale: Maruti Suzuki (best, easy parts), Toyota (durability), Honda, Hyundai. Lower resale: luxury brands due to expensive parts. Maruti Alto, Swift retain 60-70% value after 3 years.
Maximize resale value tips?+
1) Regular service at authorized center, 2) Maintain service records, 3) Avoid major accidents, 4) Reasonable mileage (10-15k/year), 5) Original parts only, 6) Sell before 5 years.
Best time to sell vehicle?+
3-5 years: good balance of value vs depreciation. Festive seasons (Oct-Dec): higher demand. Avoid: monsoon, financial year end. New model launches by manufacturer hurt your model resale.
Diesel vs petrol resale?+
Diesel had higher resale historically. Now changing: 10-year diesel ban in NCR, BS6 norms, EV push. Petrol resale improving. Hybrid/EV: highest future resale due to govt incentives.
OLX vs dealer price difference?+
OLX/private: higher price (Rs 50K-2L more) but takes 1-3 months. Dealer: instant sale, 70-80% of market price. Online (Cars24, Spinny): mid-price + same-day sale.
Modifications impact on resale?+
Major mods (engine, body): 20-40% drop. Aftermarket alloys/audio: minimal impact. Illegal mods (loud silencers): big drop. Sell with stock parts for max value.
Insurance affects resale?+
Comprehensive insurance (with claims): may reduce resale value. Zero claim history: increases trust. NCB benefit only for original owner. Provide insurance papers to buyer for reference.