Car depreciation calculator
As the mileage on your car goes up, the value of it goes down. While depreciation is inescapable, you can at least forecast your car's worth over time by using our car depreciation calculator, making it easy to see what it might sell for down the road.
How much will my car depreciate?
According to a 2019 study, the average new car depreciates by nearly half of its value after five years. However, different cars depreciate at different rates, with SUVs and trucks generally holding their value longer than other types of vehicles. Used cars also depreciate slower than new ones, keeping more of their resale value in comparison.
Auto depreciation calculator
Use our car depreciation calculator to estimate how much your vehicle could decrease in value each year over the next six years.
This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own adviser regarding your particular circumstances.
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You might also consider adding loan/lease payoff coverage. This coverage pays the difference between your loan/lease amount and the value of your car if it's totaled in a covered accident.