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
Special Financing for New Car Buyers
Auto Loans - January 15, 2014
Long Term Car Loans
Auto Loans - August 21, 2013
Jumbo Car Loans
Types of Auto Loans - April 10, 2013
What Is a Good Car Loan Credit Score?
Getting a Car Loan - June 21, 2012
Unsecured Car Loans
Types of Auto Loans - January 26, 2012