Calculator Inputs
More options were added for better scenario testing.
Example Data Table
Sample inputs and estimated outputs for quick reference.
| Scenario | Adjusted ACV | Deductible | Tax Basis | Rental Included | Estimated Net Payout |
|---|---|---|---|---|---|
| Standard | $20,000 | $500 | Subtotal | No | Varies by fees and deductions |
| Rental + Aftermarket | $20,000 | $500 | Subtotal | Yes | Higher due to add-ons |
| Deductible Waived | $20,000 | $0 | Base + add-ons | No | Higher due to waived deductible |
Formula Used
1) Adjusted ACV
AdjustedACV = max(0, ACV × (1 + ACVAdjustPct ÷ 100)).
2) Base value
BaseValue = min(AdjustedACV, PolicyLimit) when a limit exists; otherwise AdjustedACV.
3) Settlement subtotal
Subtotal = max(0, (BaseValue + AddOns + OtherAdjust) − ConditionDeductions).
4) Taxes and gross
TaxBase depends on the selected tax basis.
Tax = TaxBase × (TaxRate ÷ 100).
Gross = Subtotal + Tax.
5) Net payout
PreNegNet = max(0, Gross − Deductible − Salvage − Fees − PriorPayments).
NetPayout = max(0, PreNegNet × (1 − NegligencePct ÷ 100)).
How to Use This Calculator
- Enter ACV, then adjust it if valuation needs changes.
- Choose tax basis and add fees, rental, and equipment items.
- Add deductions, salvage retained, and any prior payments.
- Set negligence percent and loan balance for split estimates.
- Click Calculate to view results above the form.
- Download CSV or PDF to keep a record.
Understanding ACV and market adjustments
Actual cash value (ACV) represents the vehicle’s fair market value immediately before the loss. Insurers often start with comparable listings, condition grading, mileage, and trim details. This calculator lets you apply a market adjustment percentage to test how a stronger or weaker valuation changes the settlement. Use it to model updated comps, recent price shifts, or corrected options that were missed.
Add-ons, taxes, and basis selection
Total loss settlements may include reimbursable items beyond ACV, such as title and registration fees, towing and storage, covered aftermarket equipment, rental reimbursement, and personal property allowances. Sales tax rules vary, so the tax basis selector helps you estimate outcomes when taxes apply to the subtotal, to base value only, or to base plus add-ons. A clear tax assumption prevents overestimating the net payout.
Common deductions and settlement reductions
Deductions typically reduce the subtotal before the final payout is issued. Condition adjustments, depreciation, prior damage, and betterment are common, especially when pre-existing wear is documented. This tool also includes claim handling fees and prior payments or advances, which are frequently overlooked in quick estimates. Comparative negligence further reduces the net amount when liability is shared.
Salvage retention and ownership choices
If you keep the salvage, the settlement usually subtracts the salvage value, because the damaged vehicle remains an asset. If the insurer retains salvage, that deduction is typically not applied. Modeling both scenarios helps you evaluate whether retaining the vehicle for repair, parts, or resale makes financial sense after deductibles and other deductions.
Loan payoff, GAP, and decision support
When a loan or lease exists, the payout may be directed first to the lienholder. The calculator estimates the lienholder portion, the amount remaining to you, and any shortfall. If GAP coverage applies, the shortfall can be covered in the model. Include deductible waiver scenarios to reflect third-party settlements or special endorsements. Use these outputs to compare settlement offers, document your assumptions, and export results for review clearly in writing.
FAQs
1) What is ACV in a total loss claim?
ACV is the estimated market value of the vehicle right before the loss. It commonly reflects comparable listings, mileage, condition, and options, and it may differ from replacement cost.
2) Why does the tax basis matter?
Some locations apply sales tax to the full settlement subtotal, while others tax only the base value or specific add-ons. Selecting the correct basis helps avoid overstating your expected payout.
3) When should I check “salvage retained by owner”?
Check it only if you keep the damaged vehicle. In that case, insurers often deduct the salvage value from the settlement because you still own an asset you can repair or sell.
4) What does “deductible waived” mean here?
It models scenarios where a deductible is not applied, such as certain third-party claims or endorsements. If your policy or settlement still requires a deductible, leave it unchecked.
5) Why include prior payments or advances?
If you already received an advance or partial payment, the final payout may be reduced to avoid double payment. Recording it here provides a more realistic net estimate.
6) How is GAP coverage shown in the results?
The calculator compares the loan balance to the net payout. If GAP applies, it treats the remaining shortfall as covered in the estimate and shows any residual amount if not covered.