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The car depreciation calculator helps you to estimate the resale value of your vehicle after you have used it for a particular duration of time.
Sometimes or rarely, a few car models show a significant increase in their values even after depreciating for years. This is why this smart vehicle depreciation calculator allows you to know whether your car holds its value or not after you have used it for a certain time.
“The rate of decrease in the value of a car is called its depreciation value”
Using this advanced auto depreciation calculator will automatically calculate the future ownership costs for your automobile after being used for years.
Your car is your property and it is very important to track how swiftly it depreciates. Calculating car depreciation needs you to remember the following equation:
Car Depreciation = Purchase Value – Current Market Value – Any Tax Amounts
Our calculator also utilizes the same formula to estimate the effect of usage on your vehicle.
It depends upon the model, specifications, and demand of the model. When you purchase a car, it is depreciated up to 91% the very moment after you buy it. It does not matter whether you have driven it or not, it will be considered as used instead of new. Our depreciation calculator for cars shows a remarkable value decrease within certain percent ranges defined as under:
|No. of Years||Depreciation Percent|
This vehicle depreciation calculator is quite easy to use as it requires a few inputs to calculate value loss for your car.
It all depends upon the damage to the car during an accident. For instance, you may use this car depreciation calculator to estimate the value loss till the current date and consult with the expert to assess how much the loss is increased.
No! A hybrid car shows less depreciation as compared to a petrol car.
Sports cars, trucks, and SUVs are among a few vehicles that do not have a lot of their initial value.
According to the rule of thumb regarding mileage depreciation, your car will lose $0.08 for every single mile you drive it.
|1||Jeep Wrangler Unlimited||27.3%|
|7||Chevrolet Silverado 1500||39.7%|
|8||GMC Sierra 1500||39.9%|
|10||Ram Ram Pickup 1500||42.7%|
|3||BMW 7 Series||71.1%|
|5||Ford Fusion Energi||69.4%|
|6||BMW 6 Series||68.3%|
|7||BMW 5 Series||67.3%|
However, using our car depreciation calculator will let you estimate the effect of driving on your car’s value.
From the source Wikipedia: Depreciation, Accounting concept, Impairment, Depletion and amortization, Methods for depreciation, Tax Depreciation
From the source iSeeCars: Vehicles That Depreciated the Least in 3 Years, Vehicle Segment Depreciation