Result

Estimated value after 8 years

$8,976

25.6% of the purchase price

Total depreciation

$26,024

Average per year

$3,253

Depreciation per mile/km

$0.271

Typical cars lose 15–25% in the first year and 10–18% a year after. Make, mileage, condition and demand change this a lot.

Year by year

Year	Value	Lost that year	Total lost
Year 1	$28,000	$7,000	20%
Year 2	$23,800	$4,200	32%
Year 3	$20,230	$3,570	42.2%
Year 4	$17,196	$3,035	50.9%
Year 5	$14,616	$2,579	58.2%
Year 6	$12,424	$2,192	64.5%
Year 7	$10,560	$1,864	69.8%
Year 8	$8,976	$1,584	74.4%

How to use the Car Depreciation Calculator

Enter the purchase price and how many years to project.
Adjust the first-year and later depreciation rates.
Read the future value and the year-by-year table.

What does this tool do?

New cars typically lose 15–25% of their value in the first year and 10–18% each year after, with the steepest drop right after purchase. Depreciation is often the biggest cost of owning a car.

Entering your annual mileage shows depreciation per mile or km, useful for comparing with running costs.

Why use it?

Year-by-year values.
Adjustable rates.
Cost per mile.

Accuracy and limits

Actual values depend heavily on make, model, mileage, condition and market demand.

Privacy

The calculation happens instantly in your browser. The numbers you enter are not sent to our servers or saved. There's no account to create and nothing to install.

Last reviewed October 4, 2026 by the M2Toolkit team.