USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES

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lingam (Querist)
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16 February 2026 Dear Sir,

We have purchased used commercial vehicles, please clarify the how to decide the useful life of used commercial vehicles.

Thanks & Regards

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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17 February 2026 To decide the useful life of your used commercial vehicles, start with the statutory 8-year limit and subtract the vehicle's current age. However, you must adjust this based on a technical valuation and regional environmental laws (like the 10/15-year scrappage rules).

The useful life of a used commercial vehicle is the remaining portion of its total expected life (usually capped at 8 years for accounting), adjusted for its physical condition, past usage, and legal restrictions like the Scrappage Policy.

lingam

lingam (Querist)
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18 February 2026 Dear Sir,

Thank you sir, but as per RC vehicle regd. in 2011 which is expired as per MV Act, normally as per company acts we consider 10 years as useful life for newly purchased vehicles but we want to know how to decide the used vehicles useful life.

Thanks & Regards

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