In order for the vehicle to lose value, it must have fallen into the second-hand market. During the sale of the vehicle in the second-hand market, first of all, the former owner of the vehicle must give a statement to the buyer within the framework of the principle of honesty. What is meant by the expression here is to clearly state the accidents the vehicle has experienced and the damages it has received so far and to inform the buyer or the intermediary institution that will sell the vehicle. Following this, the buyer can request a loss of value inquiry and query the insurance records of the relevant vehicle to learn about all damages and accident history. Another option for loss of value appraisal, which will yield similar results, is to request an inspection from an expert and authorized vehicle service. As a result of both methods, it will be revealed whether the vehicle is damaged or not. At this point, it can be said that in addition to primary repair costs, compensation for loss of value during second-hand sales is a normal situation.
In light of the above information, it is possible to say that many different factors and nuances have an impact when it comes to calculating vehicle value loss. However, these factors may sometimes arise from the vehicle itself and sometimes from the way the vehicle is used. Although it is not possible to give a clear-cut answer, it should be noted that variables such as production year, mileage of the vehicle, damage history, nature of the damages, make and model of the vehicle, traffic release date, market value, rent a car, private vehicle play a role.
Both in terms of Supreme Court decisions and legislation, loss of vehicle value is covered by insurance coverage.