Car Depreciation Calculator

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.

What Is Car Depreciation?

“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.

How To Calculate Car Depreciation?

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.

How Fast Does a Car Value Decrease?

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:

Car Depreciation Chart:

No. of Years	Depreciation Percent
1 Year	81%
2 Year	69%
3 Year	58%
4 Year	49%
5 Year	40%

Working of Car Depreciation Calculator:

This vehicle depreciation calculator is quite easy to use as it requires a few inputs to calculate value loss for your car.

Input:

Enter your car’s initial value
Enter the number of years you have used the car
Enter the age of the car
Select the depreciation rate
Tap Calculate

Output:

Car depreciation value (Ranging from 1 minute to 5 years)
Beginning book value
Depreciation percent and amount
Accumulated depreciation amount
Ending book value
Vehicle depreciation graph

Faqs:

How Much Does a Car Depreciate After An Accident?

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.

Do Hybrid Cars Depreciate Faster?

No! A hybrid car shows less depreciation as compared to a petrol car.

What Car Does Not Depreciate?

Sports cars, trucks, and SUVs are among a few vehicles that do not have a lot of their initial value.

How Does Mileage Affect Depreciation?

According to the rule of thumb regarding mileage depreciation, your car will lose $0.08 for every single mile you drive it.

Which Cars Depreciate The Least?

No.	Vehicle	Depreciation Percent
1	Jeep Wrangler Unlimited	27.3%
2	Jeep Wrangler	27.3%
3	Toyota Tacoma	29.5%
4	Toyota Tundra	37.1%
5	Nissan Frontier	37.8%
6	Toyota 4Runner	38.1%
7	Chevrolet Silverado 1500	39.7%
8	GMC Sierra 1500	39.9%
9	Subaru Impreza	42.3%
10	Ram Ram Pickup 1500	42.7%
Average	–	50.2%

Which Cars Depreciate The Most?

No.	Vehicle	Depreciation Percent
1	Nissan Leaf	71.7%
2	Chevrolet Volt	71.2%
3	BMW 7 Series	71.1%
4	Mercedes-Benz S-Class	69.9%
5	Ford Fusion Energi	69.4%
6	BMW 6 Series	68.3%
7	BMW 5 Series	67.3%
8	Mercedes-Benz E-Class	67.2%
9	Jaguar XJL	66.4%
10	Chevrolet Impala	66.2%
Average	–	50.2%

However, using our car depreciation calculator will let you estimate the effect of driving on your car’s value.

Reference:

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