How to Calculate Vehicle Depreciation After a Traffic Accident

[DeJuliana]

Here is the relevant introduction on how to calculate vehicle depreciation after a traffic accident: 1. Article 15 of the 'Supreme Court Judicial Interpretation on Road Traffic Accidents': For the following property losses caused by road traffic accidents, if the party requests the infringer to compensate, the people's court shall support it. The expenses incurred in repairing the damaged vehicle, the loss of items carried by the vehicle, and the vehicle rescue expenses. If the vehicle is lost or cannot be repaired, the replacement cost for purchasing a vehicle equivalent in value to the damaged vehicle at the time of the traffic accident. 2. Disputes over compensation for traffic accident damages: The parties may request the traffic management department of the public security organ to mediate. They may also directly file a civil lawsuit with the people's court.