Car Depreciation Calculator

Calculate your vehicle's depreciation over time based on purchase price, age, and mileage. Understanding your car's current value helps you make informed decisions about selling, trading, or maintaining your vehicle.

How Car Depreciation Works

Vehicle depreciation is the decline in a car's value over time. Most cars lose a significant portion of their value in the first few years, with depreciation slowing down as the vehicle ages. Several factors affect depreciation:

• Age: New cars typically lose 15-20% of their value in the first year alone
• Mileage: Higher mileage generally means lower value, with excessive mileage accelerating depreciation
• Vehicle Type: Luxury cars often depreciate faster than economy models
• Condition: Well-maintained vehicles retain value better
• Market Demand: Popular models and brands tend to hold value better

Understanding the Calculator

This calculator uses compound depreciation formulas adjusted for both age and mileage. The calculation considers:

• Annual depreciation rate based on vehicle type
• Additional mileage-based adjustments (higher mileage increases depreciation)
• Accelerated depreciation in early years

Important Disclaimer

Note: This calculator provides estimates based on typical depreciation patterns. Actual vehicle values can vary significantly based on condition, location, specific make/model, service history, accident history, and current market conditions. For accurate valuations, consult professional appraisers or use specialized vehicle valuation services.