Car Depreciation Calculator
Calculate Car Depreciation
Formula
Year 1: Value = Price x 0.80. Years 2-5: Value = Previous x 0.85. Years 6+: Value = Previous x 0.90.
Frequently Asked Questions
How fast do cars depreciate?
On average, a new car loses about 20% of its value in the first year, 15% per year for years 2-5, and about 10% per year after that. After 5 years, a car is typically worth about 37% of its original price.
What factors affect car depreciation?
Brand reputation, mileage, condition, market demand, fuel type, and model popularity all affect depreciation. Luxury and exotic cars often depreciate faster, while trucks and certain brands hold value better.