How does the Car Depreciation Calculator work?

Declining balance: value × (1 − rate) each year Then: Straight-line: equal loss each year Then: Low mileage and good condition slow depreciation Then: EVs may depreciate faster due to battery concerns.

Can you give an example of how to use the Car Depreciation Calculator?

Example: Input $30k car, 20% annual depreciation gives a result of Year 1: $24k; Year 3: $15.4k; Year 5: $9.8k.

Is the Car Depreciation Calculator free to use?

Yes — completely free with no registration, download, or subscription required. All calculations happen instantly in your browser.

How accurate is the Car Depreciation Calculator?

Our Car Depreciation Calculator uses verified mathematical formulas and is accurate to multiple decimal places. Results are calculated in real-time using the same methods used by professionals.

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Car Depreciation Calculator

Purchase Price ($)

Years

Car depreciation is the loss in vehicle value over time — typically the largest hidden cost of ownership. New cars lose 15–25% in year one and ~50% of value in 3 years.

Symbol	Name	Unit	Description
V₀	Initial vehicle value	Currency	—
r	Annual depreciation rate	Percentage (e.g., 0.15 for 15%)	—
t	Years held	Years	—

Year	Value remaining
1	$24,000 (80%)
2	$19,200 (64%)
3	$15,360 (51%)
5	$12,300 (41%)

References

›Car depreciation — Edmunds

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Car Depreciation Calculator

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Typical Depreciation ($30k car)

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Car Depreciation Calculator