A vehicle's value starts to decrease the moment it leaves the showroom and keeps decreasing every year. The worth of the vehicle is also influenced by other elements such as the make and model, total number of kms travelled, present state, etc. You may determine the current estimated market value of your vehicle by using used resale value calculator.
| Age | Rate Of Depreciation |
|---|---|
| 0 - 6 months | 5 % |
| 6 months - 1 year | 15 % |
| 1 year - 2 years | 20 % |
| 2 years - 3 years | 30 % |
| 3 years - 4 years | 40 % |
| 4 years - 5 years | 50 % |
| Above 5 years | Variable |