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Car Depreciation Calculator for Calculating Auto Deprecation Costs

Calculator Preferences
Car Depreciation Calculator

Calculate the annual, total, and lifetime depreciation costs of owning a vehicle. The $ecret tab includes an explanation of what depreciation is and why your understanding of how it accumulates is critical to preserving your potential future wealth.

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Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Purchase:Purchase:Purchase price:Purchase price of car:

Purchase price of car:

Enter the purchase price of the car you are considering for purchase.

Years old:Years old:Vehicle's age:Vehicle's age in years:

Vehicle's age in years:

The current age of the vehicle in years. If the car is new, enter a zero.

Own years:Own years:Years you will own:Years you plan to own vehicle:

Own years:

Enter the number of years you plan to own the vehicle.

Cost years:Cost years:Lifetime cost years:Number of years to calculate lifetime costs:

Years to calculate lifetime costs:

Enter the number of years you expect to repeat the buy-sell/trade cycle. The Car Depreciation Calculator will use this figure to estimate your total depreciation and opportunity costs between now and when you no longer need a vehicle.

ROI:ROI:Expected ROI:Expected percent return on investments:

Expected return on investments:

Enter the annual percentage return you would expect to earn on your investments. Enter as a percentage (for .06, enter 6). The Car Depreciation Calculator will use this figure to estimate your total opportunity cost between now and when you no longer need a vehicle.

DeprecDepreciationAccumulated depreciationAccumulated depreciation:
YearYear %Accum %
1
24%
2
38%
3
50%
4
60%
5
67%
6
73%
7
78%
8
82%
9
84%
10+
85%

Accumulated depreciation:

This is the accumulated depreciation rate based on the age of the car, the number of years you plan to own the car, and the diminishing annual cost of deprecation. Expand the description in this row to view and/or edit the declining depreciation rates to suit your preference.

Depreciation Rates

The following chart contains the default year-to-year depreciation rates used by the Car Depreciation Calculator. Feel free to change the rates as you see fit. You can choose High, Medium, or Low, or manually change each year's rate (enter as percentages, so for .28, enter 28). Just make sure that the Accum % in Year 10+ is less than 100%. Also, keep in mind that the figure entered in Year 10 will be repeated for every year after if you will keep the vehicle past the point when the car turns ten years old.

0%
Final age:Final age:Final age in years:Final vehicle age in years:

Final vehicle age in years:

Based on your entries, this is how old the car will be once you are ready to sell, trade, or scrap the vehicle.

Depr cost:Deprec cost:Depreciation cost:Total depreciation cost:

Depreciation cost:

Based on your entries, this is the total depreciation cost for the number of years you plan to own the vehicle.

Resale val:Resale value:Resale value:Resale value at end of ownership period:

Resale value:

Based on your entries, this what the vehicle will be worth when you are ready to sell, trade, or scrap the vehicle.

Avg perc:Average percent:Average annual depreciation:Average annual depreciation percentage:

Average annual depreciation percentage:

Based on your entries, this is the average annual depreciation percentage. The newer the vehicle you purchase and the more often you purchase newer vehicles, the higher will be the annual depreciation cost percentage.

Avg cost:Average cost:Average annual cost:Average annual depreciation cost:

Average annual depreciation cost:

Based on your entries, this is the average annual depreciation cost (total cost divided by number of years owned). The newer the vehicle you purchase and the more often you purchase newer vehicles, the higher will be the annual depreciation cost.

Life cost:Lifetime cost:Lifetime depreciation cost:Lifetime depreciation cost:

Lifetime depreciation cost:

Based on your entries, this will be your lifetime depreciation cost if you continue to purchase vehicles in a fashion similar to this vehicle (price, age, years of ownership). If you want to lower this cost you will need to either purchase newer vehicles less often or switch to purchasing older vehicles.

Lost FV:Forfeited FV:Forfeited future value:Forfeited future value:

Forfeited future value:

Based on your entries, this is the estimated future value of your investments (opportunity cost) if you invested the average annual depreciation cost. Since most of us need a car, there is no way to completely eliminate this lost future value, so the goal should be to try to reduce it as much as possible. If you want to lower this cost you will need to either purchase newer vehicles less often or switch to purchasing older vehicles.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.