Used Car Valuation Calculator
Estimate your car's current market value based on ex-showroom price, year of manufacture, condition and km driven. Uses IRDAI-aligned depreciation rates. Free, no login.
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Estimated resale value
Car depreciation rate chart — India (IRDAI)
Depreciation rates used by insurance companies to calculate IDV and by buyers to negotiate fair resale price.
| Age of vehicle | Annual depreciation | Value retained from new |
|---|---|---|
| < 6 months | — | 100% |
| 6 months – 1 year | 20% | 80% |
| 1 – 2 years | 15% | ~68% |
| 2 – 3 years | 12% | ~60% |
| 3 – 4 years | 10% | ~54% |
| 4 – 5 years | 9% | ~49% |
| 5 – 6 years | 8% | ~45% |
| 6 – 7 years | 7% | ~42% |
| 7 – 8 years | 7% | ~39% |
| 8 – 10 years | 6% | ~34% |
| 10+ years | 6%/yr | <30% |
Used car valuation — FAQ
How is used car resale value calculated in India?
Used car value in India is calculated by applying annual depreciation to the original ex-showroom price — typically 20% in year 1, 15% in year 2, and 8–12% per year thereafter. Adjustments are made for condition, kilometres driven and any accidental damage. Insurance companies use similar logic for IDV (Insured Declared Value). This calculator uses IRDAI-aligned depreciation rates.
What is the resale value of a car after 5 years?
A car loses around 55–65% of its ex-showroom value over 5 years in India under normal use (15,000 km/year). For example, a ₹8 lakh car in good condition after 5 years is typically worth ₹3–3.5 lakh. Luxury brands depreciate faster in the first 2 years; diesel engines tend to hold value better for high-mileage use.
What is IDV of a car?
IDV (Insured Declared Value) is the current market value of a vehicle used by insurance companies to calculate your car insurance premium and the maximum payout in a total loss claim. IDV is calculated using the manufacturer's listed selling price minus IRDAI depreciation. The IDV shown in this calculator is indicative — your insurer's actual IDV may vary slightly.
How does km driven affect car resale value?
Cars driven more than 15,000 km/year depreciate faster than average. Every additional 10,000 km above the yearly average reduces resale value by approximately 0.5–1.5%. A well-maintained, low-km car can command 10–20% above the standard depreciation value.
Does the condition of a car affect its resale value?
Yes, significantly. A car in excellent condition (no accidents, full service history, original parts) can be worth 5–10% above market average. Fair condition (minor dents, repainted panels) is typically 10–15% below average, and poor condition (major repairs, accident history) may be 25–30% below.
How do I get the best resale value for my car?
To maximise resale value: maintain full service records at authorised service centres, keep all original documents (RC, insurance, service book), avoid modifications, keep the car clean and dent-free, and sell before the 5-year mark when depreciation accelerates. A pre-sale inspection report also increases buyer confidence.