How to Calculate Vehicle Depreciation?
Vehicle depreciation calculation is a technical process based on various factors. In this guide, you'll learn calculation methods, formulas, and expert tips.
Calculation Methods
1. Supreme Court Formula Method
This is the most commonly used method in Turkish courts. The formula considers the vehicle's age, market value, and damage extent.
Basic Formula:
Depreciation = (Pre-accident Market Value) × (Damage Rate) × (Age Coefficient)
2. Expert Report Method
Court-appointed experts examine the vehicle and prepare detailed reports. This method is more comprehensive and considers specific circumstances.
3. Market Research Method
This method compares pre-accident and post-repair market values. Real market data is used to determine the actual depreciation.
Factors Affecting Calculation
Vehicle Age & Mileage
Newer vehicles have higher depreciation rates
Brand & Model
Premium brands depreciate more
Damage Extent
Major damages cause higher depreciation
Repair Quality
Authorized service repairs are better