Write Off Value Calculator

Calculate Write Off Value

Formula

The formula to calculate the write off value (WOV) is:

\[ WOV = 0.50 \times CV \]

Where:

Example

Let's say the current value of the car is $20,000. Using the formula:

\[ WOV = 0.50 \times 20000 \]

We get:

\[ WOV = 10000 \]

So, the write off value (\( WOV \)) is $10,000.