MyCarculator FAQ
The value of a car drops right from the moment it is bought and the depreciation continues with each passing year. The make and model of a car, total kilometres driven, overall condition of the vehicle and various other factors further affect the car’s resale value. MyCarculator is a tool that takes all such variables into consideration to identify the current value of your car or whether the price quoted on a used car of your choice is fair.
It is simple and takes only a few seconds. Just fill in your car’s details such as Make, Model, Year of registration, and Mileage. The MyCarculator tool will then calculate the estimated value of your car.
- Year, make and model: Say you have a 2015 Nissan Sentra SL — “Sentra” is the model, and “SL” is the trim level.
- Vehicle condition: Consider the car’s exterior, interior, and mechanical state when estimating value.
- Mileage: Total kilometres driven significantly impact the car’s resale value.
The Valuation Quality Index Rating (VQIR) offers an overall score based on the frequency of recent vehicle data
and vehicle age at the time of trade-in. It is a weighted average indicating the long-term reliability of the estimated valuation.
| Quality | Description |
|---|---|
| 91% – 95% | Highly reliable estimated valuation |
| 81% – 90% | Averagely reliable estimated valuation |
| 75% – 80% | Moderately reliable estimated valuation |
MyCarculator is a payable service. You can choose between four packages: Basic, Pro, and Premium.
These factors listed below are not always included in MyCarculator and may influence your car’s value. You might want to add a premium to the valuation for:
- Extra options: Rear-view camera, sat nav, multimedia system, or leather seats increase value.
- Desirable colour: Popular colours can raise resale price.
- No damage: Excellent condition cars command a higher value.
- Full service history: Complete records improve valuation.
- New tyres
- Vehicle under guarantee or maintenance contract with the agency
The more kilometres a car has, the lower its trade-in value. In Mauritius, the average car travels 15 000 km per year. Value also depends on overall condition, number of owners, location, service history, and desirability.
MyCarculator is based on MyCar’s proprietary algorithm that uses data science and years of transaction data to predict the accurate market value of your car. he Car Valuation tool determines a car’s worth based solely on key factors such as model, mileage, condition, and other relevant variables. Constantly updated in real time with current market trends, it provides an objective and reliable valuation for your car.
If you overprice your car, your insurance premium will also be overpriced. If you underprice it, you’ll receive a lower claim payout for total loss events like accidents or theft.
The MyCarculator indicative pricing is valid for one month from the date of issue. The tool updates weekly to match market demand. If your car valuation is older than one month, we recommend re-entering your car details in the MyCarculator tool to get an up-to-date valuation.
When it comes to used cars, there are countless variables. MyCarculator analyses multiple factors to provide an accurate, data-based value, helping sellers and buyers negotiate with a fair baseline and reach a transparent deal.
MyCarculator’s algorithm is updated every week and synchronised with the latest market data.