Vehicle valuation is used to determine the current market or replacement value of a vehicle. It plays an important role in
When is an assessment necessary?
A vehicle valuation is useful or even necessary in various situations – for example:
- for the sale of used vehicles,
- when returning leased vehicles,
- after an accident to settle the claim with the insurance company,
- to determine the value for the balance sheet or tax documents,
- or to determine the benefit in kind for company cars.
What factors influence the vehicle value?
Various technical and market-specific aspects are included in the assessment. These include, among others:
- Age and mileage of the vehicle,
- technical condition and care and maintenance history,
- any accident damage or repairs,
- Equipment variants and special accessories,
- regional differences in the used car market.
The more complete and comprehensible this information is, the more accurately the actual vehicle value can be determined.
Overview of valuation methods
Various methods are used to determine the value. These are frequently used:
- Expert opinions, for example in the case of leasing returns or accidents.
- Online tools that provide a quick, albeit less precise, assessment.
- Residual value forecasts for leased vehicles, which are used to calculate the monthly installments.
Significance for the vehicle fleet
For fleet managers , the regular evaluation of vehicles is a key tool for ensuring transparency and cost-effectiveness. It helps with this:
- calculate costs realistically,
- make informed decisions about buying, selling or reusing,
- minimize risks due to losses in value,
- and to ensure complete documentation for tax consultants, auditors or insurers.
Conclusion
Vehicle valuation provides a reliable basis for all decisions relating to the company car fleet. A systematic and comprehensible valuation provides an overview of values and risks – and thus creates planning security for the entire fleet.
