Here’s a simple formula you can use to calculate your car’s average annual depreciation.
Annual depreciation = (Total cost of vehicle – Sale value of vehicle) / No. of years in service
Car depreciation is never constant throughout your car’s 10-year life.
A new car generally depreciates at a higher rate in the first three years, so avoid selling your car unless you absolutely have to due to unforeseen circumstances.
What makes up the total cost of your vehicle?
To understand what contributes to the total cost of your car, zoom in on the following components.
Open Market Value (OMV)
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Doctors seek refund of fee from Medical Council
Updated:
Updated:
Nearly 90 of them had made double payment while applying for registration
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Nearly 90 of them had made double payment while applying for registration The Service Doctors and Postgraduates’ Association has written to the Tamil Nadu Medical Council seeking refund of registration fee paid to the Council last year.
In a letter to the Council, SDPGA president P. Saminathan said several doctors had made double payment for registration. The Council was yet to refund the money paid by such candidates.
“Nearly 90 doctors, who applied for registration in TNMC in the past one year, have paid double the fees due to the cumbersome online payment of fees and have applied for refund of the excess fees,” Dr. Saminathan wrote.
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