Car Depreciation Calculator
Estimate your car's current value based on purchase price and years owned using the standard depreciation curve.
USD
years
%
Estimated Current Value
$15,530
Total Depreciation$19,470
Value Retained44.4 %
Estimated Current Value vs Years Owned
Car Depreciation Curve
Cars depreciate fastest in the first few years, then the rate of loss slows. A declining balance model captures this pattern.
Formula
Current Value = Purchase Price x (1 - Depreciation Rate)^Years
The average car loses 20% in the first year, then about 15% per year after that. After 5 years, a typical car retains about 37% of its original value.
Example Calculation
A $35,000 car owned for 5 years at 15% annual depreciation.
- 01Current value = $35,000 x (0.85)^5 = $35,000 x 0.4437 = $15,530
- 02Total depreciation = $35,000 - $15,530 = $19,470
- 03Value retained = 44.4%
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