Vehicle Depreciation Calculator
Estimates current and future vehicle value loss based on make, model, age, and mileage
Original purchase price of the vehicle
Current age of the vehicle in years (0 for brand new)
Enter vehicle details to see estimated current value
Total value lost since purchase
Percentage of original value lost
Frequently Asked Questions
How fast do vehicles depreciate?
New vehicles lose roughly 20% of their value in the first year, then 15% in year two, tapering to 8-10% per year after that. After 5 years, a typical vehicle has lost about 60% of its original value. Some brands retain value better than others.
Which vehicles depreciate the most?
Luxury vehicles, electric vehicles without strong demand, and large SUVs tend to depreciate fastest. Economy cars, popular trucks (like Toyota Tacoma), and certain luxury brands (Porsche, Land Rover) tend to hold value better.
Can I deduct vehicle depreciation for business?
Yes, for business-use vehicles. You can use actual depreciation (MACRS with IRS limits) or the standard mileage rate ($0.67/mile for 2024). If using actual expenses, only the business-use percentage is deductible.
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