The accepted average car depreciation rate is roughly 15% per year. This rate will vary depending on the make and model of the vehicle. New cars depreciate about 20% the moment you drive them off the lot. The second and third year the vehicle will probably depreciate roughly 15% a year. After year five, depreciation rates slow down. There are websites such as MoneyZine that offer a car depreciation calculator. You can input your vehicle information and it will give you an average rate of depreciation, as well as the current value of the vehicle. This calculator is very easy to use and provides beneficial information.
Need a Car Loan?
We can help you get financing, no matter your credit situation.
It's FREE, fast and simple!Get Started
Latest in Auto Loans
What Subprime Means
Bad Credit Car Loan - October 29, 2014
What You Need to Qualify for an Auto Loan
Getting a Car Loan - October 29, 2014
Typical Interest Rates for Good and Bad Credit
Car Loan Rates - October 23, 2014
How Bad Credit Really Affects Car Loans
Bad Credit Car Loan - October 23, 2014
The Minimum Credit Score Needed for Each Loan Tier
Getting a Car Loan - October 23, 2014