Day value of car
The daily value of a car is the amount your car is worth at that time. You will need this value if the car is totaled or stolen. It is also useful to know the current current daily value when buying or selling a car. When choosing the right car insurance, the vehicle's daily value can also be important. Less comprehensive coverage is often chosen for a car with a limited daily value than for a car with a high daily value. In this article on Alpina.nl , we will tell you more about the daily value of a car and how to calculate it.
What is daily value car?
The daily value is the amount a car is worth at the time of determining the value. In other words, the daily value is the current value of the car. The amount of the current market value depends on several factors, such as year of manufacture, mileage and wear and tear. Accessories of the car also count toward the current market value. If you just bought the car, the current market value is basically equal to the purchase value of the car. The current value can be important to calculate the premium for car insurance. The current market value also plays an important role in case of damage. In fact, car damage is repaired, unless the repair costs are higher than the current market value of the car. In that case you will be paid the current market value of the car. The car is then totaled.
What is the daily value of my car?
Did you know that immediately after you buy a new car, you already lose a significant amount on its value? For example, a new car is worth €25,000. As soon as the car is in your name, the car is second-hand. The value can already have dropped to € 22,500. You don't buy a car as an investment either, but the value of the car can make a big difference when settling a claim. You can calculate the current value of your car online at Alpina.nl. This way, you will know the current value of your car within minutes. Moreover, you can calculate the premium for car insurance directly with us.
How is it calculated?
The daily value of a car is calculated based on a number of factors. These include:
- The make and type of car
- The year of construction
- Current mileage
- State of maintenance
- Accessories
Do you have your eye on a used car, and want to know the car's daily value? Based on the license plate, you can find out a lot of information about the car. Moreover, the advertisement often already contains a lot of data that you need to calculate the current value.
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