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1. loss of use value for trikes 2017

The incidental use value determined for trikes of the manufacturer Rewaco is a Euro compensation amount per calendar day for trikes to be reimbursed within the scope of a claims settlement. It is based on the calculation scheme applied and sufficiently accepted by German jurisdiction, which is based on the imputed comparison of self-drive rental vehicle and private use of the same motor vehicle - including the costs relevant for both variants.

2. calculation bases and divisions into default groups

Our calculation is based on the determination of car rental prices from various rental companies as well as the obtaining of non-binding offers and the resulting groupings. This is not an analysis of actual car rental prices paid, but a collection of quotes from the trike rental industry. All other data is based on our market observations and research and represents current market prices.

3. sample calculation (all data incl. VAT)

Vehicle: Rewaco Trike CT 1500 SC
Km category: 40

Acquisition value:

Manufacturer's suggested retail price € 25,390.00
Transfer/registration costs €
Total (=acquisition value) €25,390.00
./. Value of the tyres € 500.00
Purchase without tyres € 24,860.00

3.1 Calculation of the loss of use:

Corrections Insurances:

Self-drive rental vehicle
KF Insurance VK (350/150 € SB,VK) 1.200,00 €
KH Insurance for self-drive rental vehicles € 400.00
Total 1.600,00 €

Vehicle without rental
KF insurance (350/150 € SB,VK, SFK 9,H14) 800,00 €
KH insurance (unlimitedDS, SFK 9, H14) € 200.00
Total € 1,000.00
Difference in insurance premium self-drive rental vehicle ./.
Car without rental 600,00 €
Premium difference per day of use € 6.00

Adjustment from depreciation:
Acquisition costs without tyres € 24,860.00
./. 50% Residual value € 12,430.00
Of which 45% Depreciation € 5,593.50
Difference of a deployment period of three and five years
(13,33% from 45%) €745.61
Adjustment from depreciation per day of use at 100
Difference per day of use € 7.45

Operating costs per km:
Maintenance, repairs, tyre replacement € 0.06
Oil cost 0,0041 €
Depreciation on use € 0.0805
Care/ Laundry € 0.16
Total operating costs per km 0.305= 0.31 €

Calculation of loss of use per day for Rewaco Trike CT 1500 SC
Commission-adjusted gross rental rate € 130.00
./. Corrections Insurance € 6.00
./. Adjustments Depreciation € 7.45
Entitled gross rental 119,45 €
After taking into account 22% administrative expenses and
8% Profit remaining for the vehicle without rental € 83.61
The operating costs of the
Damaged party for (40 Km x 0,31 €=12,40 €) 12,40 €
Loss of use value of the trike use for 40 KM € 71.21
Loss of use value (rounded) for 40 km use per day € 70.00

4. sample calculation (all data incl. VAT)

Vehicle: Rewaco Trike CT 800 RE
Km category: 40

Acquisition value:

Manufacturer's suggested retail price € 19,788.00
Transfer/registration costs €
Total (=acquisition value) €
./. Value of the tyres € 450.00
Purchase without tyres € 19,788.00

4.1 Calculation of the loss of use:

Corrections Insurances:

Self-drive rental vehicle
KF Insurance VK (350/150 € SB,VK) 1.000,00 €
KH Insurance for self-drive rental vehicles € 400.00
Total 1.400,00 €

Vehicle without rental
KF Insurance (350/150 € SB,VK, SFK 9,H14) 600,00 €
KH insurance (unlimitedDS, SFK 9, H14) € 200.00
Total 800,00 €
Difference in insurance premium self-drive rental vehicle ./.
Car without rental 600,00 €
Premium difference per day of use € 6.00

Adjustment from depreciation:
Acquisition costs without tyres € 19,388.00
./. 50% Residual value € 9,669.00
Of which 45% depreciation € 4,351.05
Difference of a deployment period of three and five years
(13.33% from 45%) €565.64
Adjustment from depreciation per day of use at 100
Difference per day of use € 5.65

Operating costs per km:
Maintenance, repairs, tyre replacement € 0.08
Oil cost 0,006 €
Depreciation on use € 0.12
Care/ Laundry € 0.02
Total operating costs per km 0.226= 0.23 €

Calculation of loss of use per day for Rewaco Trike CT 800 RE
Commission-adjusted gross rental rate € 100.00
./. Corrections Insurance € 6.00
./. Adjustments Depreciation € 5.65
Entitled gross rental rate € 88.35
After taking into account 22% administrative expenses and
8% Profit remaining for the vehicle without rental € 61.84
The operating costs of the
Injured party for (40 Km x 0,23€=9,20 €) 9,20 €
Loss of use value of the trike use for 40 KM € 55.84
Loss of use value (rounded) for 40 km use per day € 56.00


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