Car Depreciation Calculator
Calculate how much your car's value will decrease over time and estimate its future worth.
Enter Your Car Details
Table of Contents
Car Depreciation Formula
The Car Depreciation Calculator helps you estimate how much your car's value will decrease over time, taking into account factors like age, mileage, and market conditions.
Where:
- Initial Value = Original purchase price of the car
- Depreciation Rate = Annual rate of value decrease
- Years = Number of years to calculate
How to Calculate Car Depreciation
To calculate your car's depreciation, follow these steps:
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1Determine the initial value of your car
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2Estimate the annual depreciation rate
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3Specify the number of years to calculate
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4Calculate the future value using the formula
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5Determine the total depreciation amount
Car Depreciation - Practical Examples
Example 1 Luxury Sedan
Initial Value: $50,000
Annual Depreciation: 15%
Years: 5
Annual Mileage: 12,000
Future Value ≈ $22,185
Total Depreciation ≈ $27,815
Example 2 Compact Car
Initial Value: $25,000
Annual Depreciation: 12%
Years: 5
Annual Mileage: 15,000
Future Value ≈ $13,181
Total Depreciation ≈ $11,819
Example 3 SUV
Initial Value: $40,000
Annual Depreciation: 18%
Years: 5
Annual Mileage: 20,000
Future Value ≈ $14,380
Total Depreciation ≈ $25,620