New Design Not working For You?

If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.

-Dan

Calculator Preferences
Car Depreciation Calculator Sign

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

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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