InBridge Consulting makes determinations of the loss of value of the vehicle over the life of the vehicle.
The calculation of the loss of value will allow the owner to make a decision on the sale of the car or further use in time.
It is not easy to determine the cost loss on your own, because it depends on the year of manufacture (age), type of fuel (gasoline, diesel, gas, gas / gasoline, hybrid, electric), type of gearbox (mechanical, automatic, tiptronic, adaptive, variator), drive type (full, front, rear), engine size, engine power, mileage and other factors.
InBridge Consulting Company calculates the loss of the cost of a car based on the constructed Financial Model during market research.
An example of building a financial model of the market value of a vehicle.
Using the methods of financial modeling, InBridge Consulting conducted a marketing study based on which a financial model of the market value of the vehicle was built, which has the following form:
Toyota Land Cruiser Prado Elegance Gasoline
Y = 43.156.73-1,808.71 * X1-0.0053 * X2
where is the Y-value of the car (US $), X1-age (years), X2 mileage (km)
Examples of using the financial model of the market value of a vehicle.
Calculation of loss of value during the period of use.
In 2019, the buyer purchased Toyota Land Cruiser Prado Elegance Gasoline of 2017 for a price of $ 39,300 with a mileage of 40,000 km and wants to calculate the cost loss using the Financial Model after 5 years of use (annual mileage of 20,000 km).
Y = 43.156.73-1,808.71 * X1-0.0053 * X2
Estimated mileage in 2024 will be 140,000 km.
Car cost in accordance with the Financial Model:
Y = 43.156.73-1,808.71 * X1-0.0053 * X2
or
Y = 43.156.73-1,808.71 * 7-0.0053 * 140,000
or
Y = 29.754
Loss of value:
USD 9,546 = 39,300-29,754
So, during 5 years of operation, a loss of value of 9546 dollars is possible. With a car cost of 29.754 dollars.
InBridge Consulting will help you determine the loss of value for your car.
Invest in a vehicle efficiently.