Automotive

Vehicle Depreciation Calculator

Estimate a vehicle’s future value and total depreciation using a declining annual depreciation rate.

Free online toolWorks in your browserNo sign-up required
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How to use this vehicle depreciation calculator

Enter the requested values above and select Calculate. Change any input to compare scenarios.

Formula and method

Estimated value = purchase price × (1 − annual depreciation rate)^years. Depreciation = purchase price − estimated value.

Example

A $35,000 vehicle depreciating 15% per year is estimated at about $18,270 after four years.

Important assumptions

Actual resale value depends on make, model, age, mileage, condition, accident history, market demand and local conditions.

Frequently asked questions

What does the Vehicle Depreciation Calculator calculate?

Estimate a vehicle’s future value and total depreciation using a declining annual depreciation rate.

How does the calculation work?

Estimated value = purchase price × (1 − annual depreciation rate)^years. Depreciation = purchase price − estimated value.

Is this calculator free?

Yes. ERICH Calculators is free to use and no account is required.

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Method, assumptions & corrections

See how formulas, sources and limitations are handled across ERICH Calculators.