The actual math for determining salvage car prices is straightforward. Like regular used cars, depreciation will proceed at a predictable rate for the lifetime of the vehicle. Multiply the car's current market value decided earlier by 0.25, meaning 1.00 minus 0.75, to find its salvage value.31 Mar 2021
What is salvage value formula?
Salvage Value Formula Salvage Value (S) = P (1 i)y. Source: Salvage Value (wallstreetmojo.com) Here, P = Original cost of the asset, i = depreciation rate.