Car Depreciation Calculator
Calculate how much your car will depreciate over time. Understand how age, mileage, make, model, and condition affect your vehicle’s value.
Step 1: Vehicle Details
Understanding Depreciation
New cars typically lose 20-30% of their value in the first year and about 15% each year after that. Luxury and electric vehicles often depreciate faster than average.
Step 2: Depreciation Parameters
Factors Affecting Depreciation
Depreciation is affected by brand reputation, fuel type, mileage, vehicle condition, market trends, and economic factors. Well-maintained popular models retain value better.
Depreciation Results
Current Estimated Value
Depreciation Comparison by Vehicle Type
| Vehicle Type | 3-Year Value | 5-Year Value | Annual Depreciation | Value Retention |
|---|
Year-by-Year Depreciation
Depreciation Formula
Current Value = Purchase Price × (1 – Depreciation Rate)Years
The depreciation is calculated using exponential decay. Each year, the vehicle loses a percentage of its remaining value, not its original value.
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