How To Calculate The Cost Of A Car

Table of contents:

How To Calculate The Cost Of A Car
How To Calculate The Cost Of A Car

Video: How To Calculate The Cost Of A Car

Video: How To Calculate The Cost Of A Car
Video: Car Total Cost of Ownership Spreadsheet 2024, December
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Correctly made calculation of the cost of the car will save you money. In addition to the brand and technical features, the year of manufacture, the actual mileage of the car and the availability of options will have a significant impact on the cost of a used car.

How to calculate the cost of a car
How to calculate the cost of a car

It is necessary

a table with the estimated cost of used cars

Instructions

Step 1

Determine from the table with the estimated cost of used cars the average theoretical mileage for your car.

Step 2

Determine the difference between your vehicle's actual mileage and the theoretical average mileage. If the actual mileage exceeds the theoretical average, use a 0.4% reduction factor for every thousand kilometers above the average mileage. Accordingly, for every thousand kilometers below the average mileage, use an increase factor of 0.2%.

For example, the real mileage exceeds the average by 30,000 km: 30 * 0, 4 = 12. With a car cost of 500,000 thousand Russian rubles, taking into account the reduction coefficient, the real price will be 440,000 rubles (500,000-500,000 * 0, 12 = 500,000-60,000 = 440,000).

Step 3

Find in the table the cost of the brand of car you need for a new model without options and the cost of a new model of this machine equipped with options

Step 4

Calculate what percentage is the cost of the options from the cost of the car. Calculate the cost of a used car, including the cost of options. For example, the cost of a new car is

500,000 thousand Russian rubles, and the cost of the same car equipped with options is 600,000 rubles. The option cost is 20% (600,000-500,000 = 100,000; 100,000/500,000 * 100 = 20%). Accordingly, if a used car of this model without options costs 300,000, then with options it will cost 360,000

(300 000+300 000*20/100=360 000).

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