Car Day Value Calculator
The current market value of a car is the amount your car is worth now, taking into account depreciation. How much the current market value is depends on things like the year of manufacture, mileage, extra accessories and wear and tear.
Check the daily value of your carCalculating the daily value of your car
The daily value is the amount a car would be worth now if you sold the car today. 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 of the car
The current mileage of the car
State of maintenance of the car
Damage history
Accessories and extras
Market supply and demand
You need the daily value if your car is totaled or stolen. And it's useful to know when buying or selling a car.
Calculation example daily value new car
Immediately after buying a new car, you are already making a significant reduction in the car's daily value. Suppose a new car has a purchase value of €25,000. Once the car is in your name, the car is second-hand. The value may have already dropped to €22,500.
The daily value may vary from day to day
The daily value of a car can change from day to day because it is a snapshot in time that depends on several factors. Is there high demand but low supply for a particular type of car? Or is there a shortage of used cars? Then the daily value may be (temporarily) higher.
Changing demand for certain fuel types, economic developments or new environmental regulations can also affect value. For example, the value of a diesel car can suddenly drop if cities introduce stricter environmental zones.
Calculate car current value by license plate or make and type
The easiest way to calculate the daily value of your car is to use the license plate number in our tool where you can also see your car insurance premium.
In fact, based on the license plate, many details about the car can already be found out, so you don't have to fill them in manually anymore. This makes it easier to give a good estimate of the car's daily value.
Day value car calculation by make and type
Don't have the car's registration number handy? You can also calculate the current value without the license plate number. However, you do need to know the year of construction and the make and type of the car.
Calculate used car current value
Do you have your eye on a used car and want to find out its current value? The advertisement often contains a lot of information you need to calculate the current value. Calculating the car's current value gives you more insight and a better negotiating position.
The value of your car and insurance
If you want to buy car insurance, it is smart to take into account the daily value. For a car with a low daily value, you often choose a less extensive car insurance than for a car with a high daily value. You will then pay less premium.
Car insurance at new-for-old value
If you have a (reasonably) new car, you won't settle for the daily value in the event of a total loss. After all, you cannot buy a new car for this amount. Insurers offer a new-value scheme for this.
For a certain period (between 1 and 3 years), you will be paid the new-for-old value of the car if it is totaled.
Car insurance at purchase value
If you buy a used car, you can insure it for the amount you paid for it (up to a maximum of €50,000). If you have damage or the car is totaled, you will be reimbursed the purchase price instead of the current market value for a certain period of time. Usually the purchase amount is higher than the current market value of the car.
When comparing car insurance policies, consider including the purchase value plan or the new-age plan . This is because in the event of a claim, these arrangements can make a significant difference.
Calculate current value in case of damage or accident
If your car has damage, the daily value is important. Usually damage to your car is repaired. But if the repair is more expensive than the current market value, your car will be declared a total loss. You will then be paid the current market value. Therefore, it is nice if the current market value is high.
Establishing daily value in an accident
At determining the daily value is based on the estimated value immediately before the accident. The amount of the daily value is not a science. An expert estimates this amount. Do you have recent photos of your car? This can certainly be helpful in determining the daily value.
This includes consideration of the following value drivers:
List value. What was the car worth when it was new?
Age of the car. The older the car, the lower the daily value.
Make and type. The degree of car depreciation can vary by make and type.
Mileage. A car with many miles on the odometer has a lower daily value.
Accessories. Self-added accessories can also increase the car's daily value.
General condition of the car. Did the car have any damage before the accident and how was the car maintained? This can make a big difference in determining the daily value.
Frequently asked questions about the daily value of your car
How is the daily value of my car calculated?
The current market value is determined based on factors such as make, type, year of manufacture, mileage, maintenance, damage history and accessories. Supply and demand on the market also play a role. This makes it an up-to-date estimate of what your car is worth today.
Why is the daily value important in case of damage or theft?
In the event of a total loss or theft, the insurer will usually pay you the daily value. That amount represents the estimated value of your car just before the incident. Thus, it determines how much you can recover from your insurance company.
How quickly does the daily value drop after buying a new car?
The daily value drops immediately after purchase. A €25,000 car may be worth €22,500 at registration. Depreciation is greatest in the first few years, after which it levels off.
Is the daily value of my car the same as the resale value?
Not always. The daily value is an objective estimate of what the car is worth, while the resale value can vary depending on negotiations, trade-ins or sales to a private individual or dealer.
How does the daily value affect my car insurance?
The amount of the daily value often determines the type of insurance. With a low daily value, you are more likely to choose WA, while a high daily value justifies WA+ or all-risk insurance. The premium is also linked to the car's daily value.
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