What is Vehicle Depreciation Appraisal?

[DelDeclan]

Vehicle depreciation appraisal is specifically introduced as follows: 1. Vehicle depreciation loss: Refers to the loss formed when a vehicle is damaged in a traffic accident. Although its performance can be restored after repair, the vehicle's service life, safety performance, and handling performance are difficult to return to their previous state, inevitably leading to a reduction in actual value—that is, the loss caused by the accident resulting in a decrease in the vehicle's value. 2. Basis for appraisal: Vehicle depreciation loss is an objectively existing direct property loss, and the compensation claim of the non-fault party should be supported. It is an objective fact that the estimated value of a vehicle after being hit is lower than before the accident. The legitimate rights and interests of the non-fault party should be protected. Court rulings reflect the law's protection of citizens' potential interests. In the future, relevant legal provisions should clearly stipulate the compensation for "depreciation loss" in vehicle collisions, which aligns with the principle of fairness in law, can constrain driving behavior, and reflects social fairness.