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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.

Learn More

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
Heading

Tip

About

About the Car Depreciation Calculator

This online Car Depreciation Calculator will calculate the annual, total, and lifetime depreciation costs of buying a vehicle.

You just might be shocked at how much these depreciation costs add up over the course of your lifetime -- not too mention how much of your potential future wealth will be forfeited in the process.

If you would like to estimate all costs associated to buying and owning a vehicle (depreciation plus tax, license, finance charges, gasoline, insurance, maintenance, repairs, etc.), be sure to visit the Car Buying Calculator.

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Instructions

How to use the Car Depreciation Calculator

Step #1:

Enter the purchase price of the car.

Step #2:

Enter the current age of the car. If the car is new, enter a 0.

Step #3:

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

Step #4:

Enter the number of years to calculate lifetime depreciation costs for.

Step #5:

Enter the annual percent return you would expect to earn on your investments.

Step #6:

Adjust the year-to-year depreciation rates (if you don't agree with the default rates).

Step #7:

Click the "Calculate Car Depreciation" button.

Note:

The car depreciation calculator multiplies each year's depreciation percentage by the entered purchase price of the vehicle, as opposed to multiplying the percentage by the previous year's resale value.

Saving Entries:

If your web browser supports Local Storage, you can save your entries to your web browser so won't have to start over on your next visit. Please note that your saved entries can only be retrieved from the same device and web browser you were using when you stored them. If you would like to access your saved entries from any device I invite you to subscribe to the Ad-Free Member Version.

To save your entries to your web browser, click or tap the Data tab in the Help and Tools section (mobile: top right of the main screen), select "New Data Record" from the drop-down menu, enter a name for the data record, and then tap or click the Save button.

To load previously saved entries, click or tap the Data tab and select the saved data record from the drop-down menu. You can then save any changes to your entries by simply clicking the Save button while the data record is selected.

To clear a named set of saved entries, click or tap the Data tab, select the saved data record from the drop-down menu, and then tap or click the Clear button.

Numbers and Decimals:

Only numeric characters (0-9 and decimal points) may be entered in numeric fields. Non-numeric characters (dollar signs, percent signs, commas, etc.) may cause calculation errors. If the field includes a grid icon, tapping the icon will open a popup keypad which will include only the characters allowed in the field. If your device keypad does not include a decimal point, use this popup keypad to enter decimal numbers where applicable.

Popup Tool Tips:

Tap the info (i) icons for a further explanation of each entry field (you can click [X] or outside of the pop-up tool tips to close them). A summary of these explanations, along with any additional term explanations, can also be found under the Terms tab.

Disclaimer:

Since I can't test for every possible combination of numbers, please be sure to double-check the results of this calculator yourself before considering them to be valid. If you do discover an issue with the calculated results, please report the issue using the feedback form located below the calculator.

Scrolling & Shrinking:

In order to scroll the calculator vertically you will need to swipe just outside of the calculator's dark-blue border, or use the window's far right-hand scroll bar, whichever is applicable to your device.

If the top section of the calculator becomes to tall for your viewport, tapping in the "Enter a problem..." field should reset the top section to its original height.

Disclaimer:

The Algebra Calculator is the only calculator on the site that I did not create myself. And since I did not create it, I don't have access to the code for fixing any issues you may be experiencing. So if you are having issues with the calculator, please visit the support page at Mathway.com for assistance.

Glossary

Fields, Terms, and Definitions.

Reset button:

Clicking the "Reset" button will restore the calculator to its default settings.

Pocket Calculator

Calculate any amounts needed to enter into calculator.

 

Data Management

Save and retrieve entries and notes (requires HTML5 compliant web browser).

Calculator Data

Calculator Data:

If you are using the latest version of your web browser software, this feature will allow you to save your calculator entries to your web browser's local storage in between visits. This means the calculator entries can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save data between devices you will need to subscribe to the Ad-Free Member Version.

Save: To save a new set of calculator entries, select "New Data Record" from the dropdown list, enter a nickname for the data record, then click the "Save" button.

Load: To load a previously saved set of calculator entries, simply select the name of the data record from the dropdown list.

Save Changes: To save changes to a set of previously saved calculator entries, be sure the name of the data record is selected, and then click the "Save" button.

Clear: To clear a saved set of entries, be sure the name of the data record is selected, and then click the "Clear" button.

Backup Data
My Notes:
Subscribe to the Cloud level of the Ad-Free Member Version to save your entries and notes to a secure online database, allowing you to access your saved entries from any device or web browser.

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If you would like to use the Save features, please disable ad blocking for this website and refresh the page. Or you can choose to subscribe to the Ad-Free Member Version of the site.

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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