Depreciation Calculator

💡 How This Works

This tool estimates how your car's value decreases year over year, based on the type of vehicle you own and its original price (MSRP). It uses industry-average depreciation rates, which vary by vehicle category:

• Economy cars tend to lose value quickly at first, but stabilize over time.
  Examples: Toyota Corolla, Hyundai Elantra, Nissan Versa

• SUVs depreciate slightly slower due to high demand across new and used markets.
  Examples: Honda CR-V, Subaru Outback, Ford Escape

• Luxury vehicles usually see the steepest drop in the first few years due to high MSRPs and leasing turnover.
  Examples: BMW 5 Series, Audi A7, Mercedes-Benz E-Class

• Sports cars also depreciate quickly but can retain value better if well-maintained or enthusiast-loved.
  Examples: Mazda MX-5 Miata, Porsche Cayman, Ford Mustang GT

We apply typical year-by-year depreciation percentages based on your selected vehicle type. While it doesn’t account for specific brands, condition, or mileage, it gives you a solid ballpark figure to help plan your car's financial future.

For a more detailed estimate, consider mileage, service history, and current demand in your local market.