18.02.2020 Trafik Hukuku Kaplan Legal 274 views
Vehicle depreciation refers to the loss in market value after a vehicle is repaired following an accident. The non-faulty or less-faulty party may claim this from the other party's insurer or driver.
Factors include the vehicle's mileage, age, make, model and damage extent. The claim can be made directly to the insurer or via the Insurance Arbitration Commission. If unresolved, a lawsuit at the Commercial Court of First Instance is required.
Vehicles older than 2 years and over 165,000 km usually do not qualify for depreciation.