VIDEO: Calculate residual vehicle value

Definition of the vehicle residual value

Most people think of the term car residual value in terms of the current value of a used car. This fact is only half true, because in the real sense the term vehicle residual value has to be explained as follows:

• The term car residual value is only used when a car has been involved in an accident. The residual value in this case is the value of the car that you will receive if you sell a damaged car. A "normal" used carswho has no accident therefore has no residual value, but a current value.
• If you should have an economic total loss of your car - the repair would be more cost than the car is worth - then the insurance will give you the so-called Replacement value. This is calculated from the current market value minus the residual value (the money you receive when you sell the defective car).

Calculate the value of the car

Is with your car accident before and you need the residual value, then you should hire an appraiser. Because only this is actually able to calculate the residual vehicle value. This is mainly due to the fact that the residual vehicle value depends on the accident damage. Were only parts of the body damaged or was the chassis also attacked? Or to put it another way: Can this car still be repaired by a specialist or is the car only worth canning off? If you don't want to hire an expert, you could proceed as follows to calculate the approximate residual vehicle value:

1. Log into the Internet and search through various marketplaces (mobile.de, autoscout24.de) on which cars are sold. Surely there are accident vehicles like yours there too. If you're lucky, this can tell you how much your car is worth.


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2. If you want to know the starting point of your calculations (how much your car would be worth without an accident), there are several platforms that you can log into Vehicle value calculation make. Here you can find detailed information on mileage, age, equipment, engine power, etc. so that a professional result indeed appears.
3. Now all you have to do is subtract the accident damage and estimate how much you will still get for your car.
4. Alternatively, you can have several dealers come to give you offers. This will give you the approximate remaining car value that others would be willing to pay.