I want to sell current car 1 yr 8 months with 24 thousang
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
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
Answers submitted by Users
 VeriCAR |
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 Posted: 4653 day(s) ago |
|
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. Posted: 4651 day(s) ago |
