Estimate your car's depreciated value using the standard age-based depreciation schedule commonly used for motor insurance IDV (Insured Declared Value) calculations in India.
How to Use the Car Depreciation Calculator
Enter the car's "Showroom/Purchase Price (₹)".
Enter the "Age of Vehicle (months)".
Click "Calculate Depreciation" to see the applicable depreciation rate, amount, and depreciated value.
Frequently Asked Questions
It uses the standard age-based depreciation table commonly applied by insurers in India for motor insurance IDV: up to 6 months - 5%, 6 months to 1 year - 15%, 1-2 years - 20%, 2-3 years - 30%, 3-4 years - 40%, and 4-5 years - 50%.
IDV (Insured Declared Value) is the maximum amount an insurer will pay if your car is stolen or damaged beyond repair. It's calculated as the manufacturer's showroom price minus depreciation based on the car's age - a higher depreciation rate means a lower IDV and lower insurance payout.
Not necessarily. This schedule is specifically used for insurance IDV purposes. Actual resale/market value also depends on condition, mileage driven, brand, demand, and other market factors, and can differ from the IDV.
Yes, it's completely free and requires no sign-up.