The car depreciation calculator estimates how much value your vehicle has lost over time. Cars typically depreciate 15-20% annually, with faster depreciation in early years.
Enter purchase price, years owned, and annual depreciation rate (15% is typical). The calculator shows current estimated value, total depreciation, and percentage lost.
Understanding depreciation helps with insurance decisions, timing vehicle sales, tax deductions for business use, and evaluating the true cost of vehicle ownership.
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Frequently Asked Questions
Typically 20% first year, then 15% annually; varies by make/model.
Typically trucks, certain SUVs, and reliable brands like Toyota/Honda.
Before major repairs needed, typically 5-7 years for best value retention.
Yes, high mileage accelerates depreciation; this uses average rates.
Maintain well, keep mileage moderate, avoid accidents, keep records.