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Car Depreciation Calculator

Car Depreciation Calculator to estimate how much a car will be worth after a certain number of years. If you are buying or selling a car, you can use this car depreciation calculator to estimate the value of your car.

How Much Is My Car Worth

Initial Car Price:
Car Age:
Estimated Car Value:

Car Depreciation Table

As soon as you bought it: $40,500.00
1 Year: $36,000.00
2 Years: $31,500.00
3 Years: $27,000.00
4 Years: $22,500.00
5 Years: $18,000.00

A car loses about 10% to 15% of its value the second that you buy it and drive it out from the dealer's garage. Many people have mistaken a car as an investment which it isn't because it depreciates over time. Unlike an asset like a house, where the value appreciates as time passes. If you are on a budget, you can consider buying a used car. One can save 25% or more on a two to three years old used car. Of course, a used car has its disadvantages. For one, used cars may need more maintenance than new cars. If you are buying a used car, it is highly recommended that you inspect the car fully and make sure there is nothing wrong with it. Inspect the car engine and other parts fully. If you don't know much about cars, hire a mechanic who can do the job for you.

Car Depreciation Calculator UK



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