Car Depreciation Calculator
Car depreciation calculator: estimated value of a car after a number of years at an annual depreciation rate, or the rate implied by two prices.
V = P · (1 − d)t
How to use this calculator
- Choose the quantity you want under “Solve for”.
- Type the known values and pick their units: any combination works.
- The result updates as you type. Open “Show the steps” to see the substitution.
New cars typically lose 15–20 % a year; the first year often 20 % or more. Mileage and condition change the real price.
Formula
V = P · (1 − d)t
| Symbol | Quantity | Units |
|---|---|---|
| P | Purchase price | $, €, £ |
| d | Depreciation per year (≈ 15 %) | %, × |
| t | Age of the car | years, months |
| V | Estimated value | $, €, £ |
Worked example
Given: P = 35,000.00 $ · d = 15 % · t = 5 years
V = P (1 − d)t
Result: V = 15,529.69 $
Estimated value for different values of Purchase price
| P · Purchase price | V · Estimated value |
|---|---|
| 17,500.00 $ | 7,764.84 $ |
| 26,250.00 $ | 11,647.26 $ |
| 31,500.00 $ | 13,976.72 $ |
| 35,000.00 $ | 15,529.69 $ |
| 38,500.00 $ | 17,082.65 $ |
| 43,750.00 $ | 19,412.11 $ |
| 52,500.00 $ | 23,294.53 $ |
| 70,000.00 $ | 31,059.37 $ |
Other values as in the worked example.
Frequently asked questions
$35,000 car after 5 years at 15 %?
About $15,530.
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