Car Depreciation Calculator: Estimating Your Car’s Value Over Time

A car depreciation calculator is a tool used to estimate how much a car’s value will decline over time. Cars lose value the moment you drive them off the lot, and the rate of depreciation varies based on factors like brand, model, age, mileage, and market conditions.

A typical car depreciation calculator works by:

1. Starting with the car’s original purchase price.


2. Applying depreciation rates based on the vehicle’s make, model, and age.


3. Estimating the car’s current value.

Depreciation is steeper in the first few years of ownership and slows down over time. On average, a car will lose about 20-30% of its value in the first year and 50-60% by the fifth year.

Car depreciation calculators can be found on various automotive websites like Kelley Blue Book (KBB) and Edmunds.

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Car Depreciation Calculator