by paybima

Car Depreciation Rate Calculator online

What is Car Value Depreciation?

Due to natural wear and tear, the worth of a car depreciates or reduces with time. Thus, car value depreciation means the decline in a vehicle’s value in due course of time and it is influenced by different factors.

Car Value Depreciation Rate in India as per IRDAI 2022

0-6 Months Old Car

Age of Car

Depreciation%

5%

6 Months – 1 Year Old Car

15%

1 Year – 2 Years Old Car

20%

2 Year – 3 Years Old Car

30%

Age of Car

Depreciation%

3 Year – 4 Years Old Car

40%

4 Year – 5 Years Old Car

50%

Above 5 Years Old Car

Decided Mutually

Factors leading to Car Depreciation in India

Make of the car

Fuel-saving

Mileage and condition

Maintenance and repairs

Need More Details?

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