31 Oct Calculating Decrease Of The Vehicle
In order for the vehicle to be depreciated, the vehicle must have fallen into the second hand market. During the sale of the vehicle in the second hand market, first of all, the former owner of the vehicle is required to testify to the buyer in accordance with the principle of honesty. This means that the vehicle has suffered accidents and damages up to this time and that information is given to the buyer or the intermediary institution that will sell the vehicle. In addition, the buyer can request a loss of value inquiry and have the vehicle’s insurance records questioned and learn all the damage and accident history. Another option for impairment appraisal, which will reach similar results, is to request a review from an expert and competent vehicle service. As a result of both methods, it will be revealed whether the vehicle is damaged or not. At this point, in addition to the primary repair costs, the said depreciation compensation during the second hand sale may be commonplace.
In the light of the above information, it is possible to say that there are still many different factors and nuances when it comes to calculating vehicle depreciation. However, these factors can sometimes arise from the vehicle itself and sometimes from the way the vehicle is used. Although it is not possible to provide an answer with sharp lines, it is necessary to specify that variables such as the year of production, vehicle mileage, damage history, nature of damages, brand and model of the vehicle, traffic release date, Sunday value, rent a car, private vehicle play a role.
Whether in terms of Supreme Court decisions or legislation, vehicle depreciation is within the scope of insurance guarantees.
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