How much will your car be worth in 1, 3, 5, or 10 years? Select your make, model, and purchase price for a year-by-year depreciation projection.
High mileage accelerates depreciation significantly. A vehicle with 20,000+ miles per year depreciates 6–12% faster annually than one driven 12,000–15,000 miles. Conversely, very low-mileage vehicles can retain value better.
Currently yes — EVs depreciate faster as battery technology improves rapidly. The average EV loses 22–25% in year one. This creates strong buying opportunities for used EVs, which can be purchased for 40–50% of original price after 3 years.
Depreciation is typically the single largest cost of car ownership — often larger than fuel, insurance, or maintenance combined. On a $40,000 vehicle that depreciates 40% over 5 years, that's $16,000 lost, or $3,200 per year.