Used Commercial Vehicle Value Calculator

Visit IFFCO-Tokio’s website and search for ‘used commercial vehicle valuation calculator’ in the search bar and click enter. You will then be redirected to the webpage that features the used commercial vehicle valuation, online calculator.

The used commercial vehicle valuation calculator would require you to enter a few details like the make, model, manufacturing year, kilometres driven, and the number of years used. 

If the vehicle you wish to check the resale price of is already insured by a valid commercial vehicle insurance policy, it would cost you lesser to buy the said vehicle. Hence, many of the used commercial vehicle valuation calculators present online require you to confirm if the commercial vehicle is insured or not.

Once you have entered all the required information into the used commercial vehicle valuation online calculator, you have to click on ‘calculate’. The estimated price of the said used commercial vehicle will then be displayed on the screen instantaneously. 

Through a used commercial vehicle valuation online calculator, you can easily find an appropriate estimation of the resale value of a used commercial vehicle. Just enter by entering the information, click on enter, and the estimated resale price of the used vehicle will be instantly displayed on the screen.

Typically, all the used commercial vehicle valuation online calculators are free. This helps you get as many estimates as you want without any restrictions. A useful feature when you are researching for the right used commercial vehicle for you. 

Utilizing a used commercial vehicle valuation calculator helps you get an estimate of the resale value of a particular commercial vehicle. This helps you avoid paying more money than required. It also helps you understand that if a vehicle is priced too low when compared to the estimate, it might have higher wear and tear or a few faulty vehicular components. 

Helping you get an apt estimate for the resale value of a used commercial vehicle, a used commercial vehicle valuation online calculator gives you the right price range for your purchase. Thus, it helps you select the right IDV for your commercial vehicle insurance policy. 

Buying a commercial vehicle, even a used one requires quite a bit of money. Hence, once you have selected the right commercial vehicle, you can use the used commercial vehicle valuation online calculator and get an idea of the amount of money that would be required to help you complete the purchase. 

Even if the previous owner had the commercial vehicle insured, it is possible that the policy would have expired by the time you purchase the vehicle. Hence it is recommended to check if the used commercial vehicle that you have recently already has a valid insurance policy to cover it or if you have to buy a new commercial vehicle insurance policy altogether. 

This document along with a few other documents is required as proof of sale. To give you a better idea, here are a few documents that are required other than the proposal form: RC Book transfer, Form 29 and 30, signed by the previous owner, a copy of the existing/previous commercial vehicle insurance policy, and so on. 

This step is only applicable if you are transferring a comprehensive commercial vehicle insurance policy. It would also require you to fill up a new form before the transfer is commenced. 

Before you submit the documents, do check if the names written on the documents are correct as the entire process might have to be repeated again if discrepancies are found in the same. Make sure the name you write on the documents is the same as the name in your identity proof. This applies to the vehicle’s name, the seller’s name, and so on.