Check Your Vehicle Resale Value
RTOVEHICLEINFORMATION offers reliable used car valuation with basic and premium reports. It helps determine the fair market price for any car model from top manufacturers like Maruti Suzuki, Hyundai, Mahindra, Honda, Tata, and more.
What is Resale Value?
Resale value is the estimated market price of your used car or bike after accounting for age, mileage, condition, brand reputation, and depreciation.
Vehicles naturally lose value every year. This loss is known as depreciation.
- New vehicles lose **20–25%** value in the first year.
- Subsequent years drop **10–15%** each year.
- Good maintenance increases resale by **5–15%**.
Factors That Affect Resale Value
1. Age of Vehicle
Older vehicles depreciate faster. Resale value drops significantly after 5 years.
2. Vehicle Condition
Scratch-free, accident-free vehicles get higher resale price.
3. Mileage
Lower mileage means less engine wear → higher resale value.
4. Brand Value
Brands like Toyota, Maruti, Hyundai retain resale better due to reliability.
5. Service History
Full authorized service records increase vehicle trust & price.
6. Demand
Popular models have better resale as demand remains high in used market.
How to Calculate Resale Value (Simple Formula)
The most commonly used formula:
📌 Resale Value = Original Price – Depreciation Amount
Standard Depreciation Rate:
| Vehicle Age | Depreciation % |
|---|---|
| 1 year | 20–25% |
| 2 years | 30–35% |
| 3 years | 40–45% |
| 4 years | 50–55% |
| 5+ years | 60–70% |
Example Resale Calculation
Original Price: ₹10,00,000
Vehicle Age: 3 years
Depreciation: 45%
Calculation:
Depreciated value = 10,00,000 × 45% = ₹4,50,000
Resale Value = 10,00,000 – 4,50,000 = ₹5,50,000 (Approx.)
Tips to Improve Your Resale Value
Maintain Full Service History
Regular servicing increases trust and resale value by 5–10%.
Keep Clean Interior & Exterior
A polished, scratch-free vehicle attracts higher offers.
Avoid Modifications
Modified vehicles reduce resale value for most buyers.