Learn how to estimate the salvage value of your car after a collision using various sources and formulas. Find out how insurance companies determine the salvage value and how to negotiate with them.

Calculate the salvage value of an asset or a car based on the original price, depreciation rate, and age. See the net salvage value formula, practical example, and FAQs about salvage value.

Learn how to estimate the value of a salvage vehicle by deducting 20-50% of the clean title value, or by asking a dealership or an insurance company. Find out how salvage title affects the car's market value and insurance costs.

The salvage value of a damaged car is the value it holds after the collision, even though it is worth less than it was before. Auto salvage value is the value of a damaged car that is not going to be repaired because it is a total loss or cannot be sufficiently repaired. A car in this situation is often referred to as a salvage car or salvage ...

Find out how much your junk car is worth by filling out a simple form. Get a quote and order same-day junk car removal service from JunkCarsUs.

A car in this situation is often referred to as a salvage car or salvage vehicle. Let's say your car has a 5-year life and is bought at $20,000. Using straight-line depreciation, if your car's value depreciates at $3,000 a year, then at the end of its useful life it will be worth $5,000 ($20,000 minus $15,000 from depreciation expense).

1. Identify the year, make and model of the car. The value of a vehicle can be effected by a number of variables, but the most important information to start with includes the year, make and model of the car. Locate this information in the car’s owner’s manual or on the salvage title itself. [1]

4. Multiply it by % Used by Insurance Company. After getting the current market value, multiply it by the percentage used by your insurance company. The result becomes your approximate value of the salvaged vehicle. For a guide on the rates of vehicles, check the Kelley Blue Book, a trusted valuation company for the automobile industry.

That $30,000 car is now only worth $24,000. After Five Years the car will have lost around 60% of its total value. The steep dip of the first year is replaced by a 15-25% depreciation each following year until the five year mark. That $30,000 is now worth $12,000. For salvage vehicles, however, you also have to factor in additional wear and tear.

Find what percent of market value your insurance company uses to determine salvage value. The percentage can vary, but it's usually around 75% of market value. Subtract that percentage as a decimal from 1.0. For example, if a 75% loss of market value is considered salvage, 1.00 - .75= .25. Multiply the market value by the resulting decimal.