Vehicle Depreciation Calculator
Vehicle Details
0 = brand new
Average: 12,000-15,000/year
How to Use This Calculator
Project how much your vehicle will be worth over time. Depreciation is the single largest cost of owning a vehicle - often more than gas, insurance, and maintenance combined.
Typical Depreciation Schedule:
- Year 1: 15-25% (steepest drop)
- Year 2: 10-15%
- Year 3: 8-12%
- Year 4-5: 8-10% per year
- Year 6+: 5-8% per year
Factors That Affect Depreciation:
- Vehicle type and brand reputation
- Mileage (high mileage depreciates faster)
- Condition and maintenance history
- Market demand and economic conditions
- Fuel prices (affects demand for gas guzzlers)
- New model releases (can decrease demand for older models)
Note: This calculator uses industry averages. Actual depreciation varies by brand, model, market conditions, and individual vehicle condition.
Use this vehicle depreciation calculator to compute vehicle ownership results from your inputs.
Formula
Method 1 (Exponential): Value after N years = Purchase price × (1 - Rate)^N Method 2 (Standard): Year 1: 20%, Year 2-5: 15% per year, Year 6+: 10% per year Total depreciation = Purchase price - Current value Annual depreciation = Total depreciation / Years