Vehicle Depreciation Calculator
Calculate how your vehicle loses value over time using straight-line or declining balance depreciation methods. Track residual value and annual depreciation rates.
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Applications
Perfect for car buyers, dealers, and financial planners to understand vehicle value loss. Helps in making informed decisions about new vs. used cars and lease vs. buy comparisons.
Depreciation Methods
Straight-Line: Equal annual depreciation = (Cost - Residual) / Years. Declining Balance: Multiplies the book value each year by a fixed rate (typically 200% of straight-line rate).
Fun Fact: A new car typically loses 20-30% of its value in the first year alone, making depreciation one of the largest costs of vehicle ownership!
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