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I want to sell current car (1 yr 8 months with 24 thousang KMS and good condition). Wanted to know whats the market practice of valuation for selling. 1) Is it based on the Ex-Showroom price ? or 2) RTO and Octroi expenses must be excluded from depreciation? 3) How much is the depriciation each year ? 4) Also depriciation should be calculated based on year of maufacturing or year of registraion ? My car is 2007 make but registered and used in Jan 2008. Thanks

By Navin on Sep 27, 2009

Answers

  • Dear Navin,

    Used-car prices are very subjective and depend on a large number of factors (make, model, success of model, demand, etc). They do not follow a simple depreciation schedule. Your best bet would be to get an indicative price by using used-car price calculator.

    To answer your questions.

    1. Based on ex-showroom price
    2. Yes
    3. Depends on model to model
    4. Depends on the negotiation with the seller/buyer

    Answer by VeriCAR on Sep 29, 2009

  • Expert Hi,
    As pointed out by VeriCAR the price depends upon so many factors including the urgency of the seller to sell the car and willingness of the buyer.
    Answer by Shiva Shankar on Oct 1, 2009

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