1. What Is Car Damage Calculation?

The car damage calculation helps determine the total financial impact of damage to a vehicle by considering both the immediate repair costs and the long-term depreciation caused by the damage.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Repair Cost — Immediate costs to fix the damage (parts and labor)
• Depreciation Cost — Reduction in vehicle value due to the damage history

Explanation: This calculation provides a comprehensive view of the financial impact of vehicle damage, beyond just the immediate repair costs.

3. Importance of Damage Assessment

Details: Accurate damage assessment is crucial for insurance claims, resale value estimation, and making informed decisions about whether to repair or replace a vehicle.

4. Using the Calculator

Tips: Enter repair cost in dollars (without commas), enter depreciation cost in dollars. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How is depreciation cost determined?
A: Depreciation is typically 10-30% of repair costs for minor damage, and can be much higher for major accidents or structural damage.

Q2: Should I include deductible in repair costs?
A: Yes, include your out-of-pocket costs when calculating total damage impact.

Q3: How accurate is this calculation?
A: It provides a basic estimate. For precise figures, consult with a professional appraiser.

Q4: Does this apply to leased vehicles?
A: Yes, but lease agreements may have specific damage assessment procedures.

Q5: Can I use this for insurance claims?
A: This provides an estimate, but insurance companies use their own formulas for claim settlements.