Book-value.co.za is a free to use car book value calculator. It will help you work out the approximate book value of your car easily and free. To use the book value calculator, simply follow the steps above to get the approximate book value of your car.
South Africa Car Book Value Calculator
Select the car make
Select the cars model
Select all the relevant features
Enter the cars year & mileage
Give your car a condition rating from 1 to 10
Click calculate to get your free car book value
Our car depreciation calculator assumes that after approximately 10.5 years, your car will have zero value. Of course, you will still be able to sell it to individual buyers, but its market value will be extremely low.
In reality, each brand and model of a car loses its value at a slightly different rate; formally, we say, it has its car depreciation rate. Still, you can use this calculator to show you what the value will be more or less after a specific time has elapsed.
As a seller, your Car is as good as the day it rolled off the dealer floor, and as a buyer you want the bargain of a lifetime! The truth is somewhere in between, and bookvalue will give you the values based on the most recent sales of similar cars throughout Mzanzi.
Market value, also called fair value, is what an asset would sell for in the current market. The market value of an asset is usually different than its book value, depending on whether the asset is increasing or decreasing in value.
For example, you bought a machine for $7,000 and recorded $1,500 for depreciation. Its book value is $5,500, but it would sell for $6,000. Its market value is higher than its book value, resulting in a gain for your business.
If you're in the process of selling your car, you may have recently Googled, "how much is my car worth?" Did you get the answer you were hoping for? Our simple online car value calculator will analyse the details you put in to generate a fair estimate so that you can attract the right buyers and get that car sold.
Black Book is what dealers usually refer to when trying to figure out how much a used vehicle or trade in is worth. Black Book originally began in 1955 literally as a black book containing weekly car values for every vehicle and every region in the country. Today Black Book ( ) is available via the web or mobile through a paid subscription.
Imagine someone owes you $10,000 and that person promises to pay you back after five years. If we calculate the present value of that future $10,000 with an inflation rate of 7% using the net present value calculator above, the result will be $7,129.86.
The net present value calculator is easy to use and the results can be easily customized to fit your needs. You can adjust the discount rate to reflect risks and other factors affecting the value of your investments.
Another problem with using the net present value method is that it does not fully account for opportunity cost. However, you can adjust the discount rate used in the calculator to compensate for any missed opportunity cost or other perceived risks.
A popular concept in finance is the idea of net present value, more commonly known as NPV. It is important to make the distinction between PV and NPV; while the former is usually associated with learning broad financial concepts and financial calculators, the latter generally has more practical uses in everyday life. NPV is a common metric used in financial analysis and accounting; examples include the calculation of capital expenditure or depreciation. The difference between the two is that while PV represents the present value of a sum of money or cash flow, NPV represents the net of all cash inflows and all cash outflows, similar to how the net income of a business after revenue and expenses, or how net benefit is found after evaluating the pros and cons to doing something. The inclusion of the word 'net' denotes the combination of positive and negative values for a figure.
This is the term that defines how much your car will be worth at a particular point in the future. As a car gets older and has more miles on the clock, it inevitably is worth less. People overlook depreciation, but it is the biggest cost of ownership in many cases. When you come to trade the car in with a dealer or sell it on the open market, the depreciation will be the difference between what you paid for the car and what it is worth at the time of sale.A new car can lose 60% of its value in the first 3 years alone. Used cars do not lose their value as much as a new car. When deciding what car to buy, people look at price, economy and style first. But depreciation is an important factor in the finance. A car that doesn't depreciate as much will save you more money than one that costs a little less to fill up and lasts longer between refuels.Depreciation formulaThe Car Depreciation Calculator uses the following formulae:A = P * (1 - R/100)nD = P - AWhere,A is the value of the car after n years,D is the depreciation amount,P is the purchase amount,R is the percentage rate of depreciation per annum,n is the number of years after the purchase.Example 1:The average car depreciation rate is 14% per year. If you purchase a car for $29000, what is the approximate value of the car after 5 years?Solution:P = $29000,R =14%,n = 5The value of the car after n years, A = P * (1 - R/100)n= $29000 * (1 - 14/100)^5= $29000 * (1 - 0.14)^5= $29000 * (0.86)^5= $29000 * 0.4704= $13641.60Answer: The approximate value of the car after 5 years is $13641.60Example 2:John purchased a new car for $30000. The value of the car depreciates by 35% in the first year and by 14% p.a. thereafter. How much will the car be worth after 3 years?Solution:P = $30000,R1 =35%,R2 =14%,n = 3The value of the car after n years, A = P * (1 - R/100)nThe value of the car after 1 year, A = 30000 * (1 - 35/100)1= $30000 * (1 - 0.35)^1= $30000 * 0.65= $19500The value of the car after 3 years, A = 19500 * (1 - 14/100)3-1= $19500 * (1 - 14/100)^2= $19500 * (1 - 0.14)^2= $19500 * (0.86)^2= $19500 * 0.7396= $14422.20Answer: The value of the car after 3 years is $14422.20You may also want to check out the Auto Lease Calculatorif(typeof ez_ad_units!='undefined')ez_ad_units.push([[728,90],'goodcalculators_com-medrectangle-1','ezslot_6',105,'0','0']);__ez_fad_position('div-gpt-ad-goodcalculators_com-medrectangle-1-0');report this adFacebookTwitter.ratingblockdisplay:block;padding-bottom:8px;margin-bottom:8px.loadingheight:30px;background:url(/rating/images/working.gif)50% no-repeat.unit-ratinglist-style:none;margin:0;padding:0;height:25px;min-height:25px;position:relative;background:url(/rating/images/alt_star8.gif)repeat-x.unit-rating litext-indent:-9e4px;padding:0;margin:0;float:left.unit-rating li aoutline:none;display:block;width:25px;height:25px;min-height:25px;text-decoration:none;text-indent:-9e3px;z-index:20;position:absolute;padding:0.unit-rating li a:hoverbackground:url(/rating/images/alt_star8.gif)0;z-index:2;left:0.unit-rating a.r1-unitleft:0.unit-rating a.r1-unit:hoverwidth:25px.unit-rating a.r2-unitleft:25px.unit-rating a.r2-unit:hoverwidth:50px.unit-rating a.r3-unitleft:50px.unit-rating a.r3-unit:hoverwidth:75px.unit-rating a.r4-unitleft:75px.unit-rating a.r4-unit:hoverwidth:100px.unit-rating a.r5-unitleft:100px.unit-rating a.r5-unit:hoverwidth:125px.unit-rating a.r6-unitleft:125px.unit-rating a.r6-unit:hoverwidth:150px.unit-rating a.r7-unitleft:150px.unit-rating a.r7-unit:hoverwidth:175px.unit-rating a.r8-unitleft:175px.unit-rating a.r8-unit:hoverwidth:200px.unit-rating a.r9-unitleft:200px.unit-rating a.r9-unit:hoverwidth:225px.unit-rating a.r10-unitleft:225px.unit-rating a.r10-unit:hoverwidth:250px.unit-rating li.current-ratingbackground:url(/rating/images/alt_star8.gif)0 100%;position:absolute;height:25px;min-height:25px;display:block;text-indent:-9e3px;z-index:0.votedcolor:#999.thankscolor:#b11116.staticcolor:#6a920fCurrently 4.68/512345Rating: 4.7/5 (759 votes)!function(t,e,i)(window,document,Chartist),function(t,e,i)"use strict";function a(t)(t.className=t.className+" tooltip-show")function s(t)var e=new RegExp("tooltip-show\\s*","gi");t.className=t.className.replace(e,"").trim()function o(t,e)return(" "+t.getAttribute("class")+" ").indexOf(" "+e+" ")>-1function n(t,e)do t=t.nextSibling;while(t&&!o(t,e));return tfunction r(t)return t.innerTextvar l=currency:void 0,currencyFormatCallback:void 0,tooltipOffset:x:0,y:-20,anchorToPoint:!1,appendToBody:!1,"class":void 0,pointClass:"ct-point";i.plugins=i.plugins(window,document,Chartist);function c3(e)return tmp=e,""+tmp.toString().split("").reverse().join("").replace(/(\d3)/g,"$1,").split("").reverse().join("").replace(/^,/,"")function onready()0==document.getElementById("deprat").value?document.getElementById("arrval").value=0:1==document.getElementById("deprat").value?document.getElementById("arrval").value=1:2==document.getElementById("deprat").value&&(document.getElementById("arrval").value=2);var e=(document.getElementById("cva").value,document.getElementById("yoc").value),t=Number(e);document.getElementById("hdnval").value=tfunction onchks()var e=document.getElementById("cva").value;0==e?$("#tpcarblock").html("New Car "):$("#tpcarblock").html("Used Car ")function inyrs(e){var t=document.getElementById("cva").value,a='[name^="ydata-"]',r=document.querySelectorAll(a);if(0==t)for(var l=1;l=i)return alert("Please provide a positive number of years that is 30 or less"),0;var n="Year:Depreciation rate: 2ff7e9595c
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