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Calculate Salvage Value Of Car . It is also known as scrap value or residual value. The last step is the outcome of the calculation will always turn lower compared to the car’s present market value. Salvage Value of Car How to Check Salvage Value of My Car? Droom from blog.droom.in It is good to note that the deduction does not give an actual salvage value and it fluctuates depending on the damage of the car. A vehicle purchased for usd might be worth usd 5000 after five or seven years of regular use. This is the car’s resale value at the end of its useful life.