Car Depreciation Calculator
Estimate how much a car is worth after each year: depreciation in the first year and after, total value lost and a year-by-year table of values.
| Year | Value | Depreciation | Lost so far |
|---|
A typical new car loses about 20% in the first year and 15% a year after that. Mileage, condition, brand and demand can change this a lot.
What it does
Depreciation is the value a car loses over time. It is usually the biggest cost of owning a new car, more than fuel or insurance. The calculator applies one rate to the first year, when the drop is steepest, and another rate to each year after that, on the value that remains.
How to use it
- Type the price you paid for the car.
- Choose how many years you will keep it and adjust the depreciation rates if you know them.
- See the estimated value at the end, the total lost and the value after each year.
The arithmetic runs in your browser. Nothing you type is sent anywhere and nothing is stored, so you can use these with real numbers.
Frequently asked questions
How much does a car depreciate per year?
A new car often loses around 20% in the first year and about 15% a year in the following years, so it is worth less than half after 5 years.
How much will a 30,000 car be worth in 5 years?
With 20% in the first year and 15% after that: 24,000 after one year, 20,400 after two and 12,528.15 after five, a loss of 58.2%.
Does a used car depreciate more slowly?
Yes, in money terms. A 3-year-old car has already lost about 42% of its price, the steepest part, so the next owner loses less each year.
π Car Affordability Calculator: How Much Car Can I Afford?
π Auto Loan Calculator
π Car Lease Calculator
β½ MPG Calculator: Gas Mileage and Fuel Economy