Vehicle accidents, unfortunately, are one of the common events today. In addition to material damage, accidents also cause loss of value in vehicles. This loss of value can be structured differently between the market value of the vehicle before the accident and the value after it is repaired after the accident. Why is Depreciation Calculated? • To compensate the material damage suffered by the accident victims • To determine the insurance damage amount • To be presented as evidence in legal disputes Things to Consider When Calculating Loss of Value: • Vehicle brand, model, year and mileage: Newer and lower mileage vehicles lose more value. • Location and severity of damage: If main parts such as the hood and engine are damaged, the loss of value will be greater. • Repair costs: The higher the repair costs, the greater the loss of value. • Vehicle damage history: Vehicles that have had an accident before lose more value than accident-free vehicles. • Vehicle’s expertise report: The report developed by an authorized expert constitutes important evidence in the value loss calculation. Value Loss Calculation Methods: • Proportional Method: In this method, predetermined rates are applied based on harvest separation. • Tables Method: In this method, tables prepared for certain parts are used. • Software Calculation: With this method, depreciation is calculated using special software. To Get the Most Accurate Result: • It is recommended that you have depreciation planning done using more than one method. • It would be beneficial to apply to an authorized expertise office. • It is important to protect your legal rights by consulting with a lawyer. Some Important Points About Depreciation: • In order to claim loss of value, the savings must be incomplete by the faulty party. • Compensation for loss of value is paid by insurance companies within the scope of motor insurance. • It is important to act in a timely manner to file a diminished value claim.