Estimate the depreciation of your car’s value over time.
1. Input the current market value of your car.
2. Enter the expected annual depreciation rate.
3. Specify how many years you plan to own the car.
4. Click the “Calculate Depreciation” button to see how much value your car will lose over time.
This calculator estimates how much value your car will lose each year based on its current value and the expected depreciation rate.
The depreciation rate can vary based on the make, model, and age of the car, but it generally ranges from 15% to 25% per year for most vehicles.
Yes, the calculator can be used for any vehicle; just ensure you have accurate current value and depreciation rate information.
It’s advisable to check your car’s depreciation annually, especially if you’re planning to sell or trade it in soon.