Most new cars lose a significant portion of their value in the first few years of ownership, and the rate of depreciation varies a lot by make, model, and mileage. This car depreciation calculator estimates how much your vehicle’s value will decline over time based on its starting price, age, and expected annual depreciation rate, giving you a realistic picture of what it might be worth down the road. This is useful both before buying a new car and when deciding how long to keep a vehicle you already own.
Depreciation Details
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Depreciation directly affects what you’ll get if you sell or trade in your vehicle later, so it’s worth checking our car resale value calculator for a more specific estimate based on your car’s current condition and mileage. If you’re planning to trade in a vehicle toward a new purchase, our car trade-in calculator shows exactly how that value reduces your new loan amount and monthly payment.