🚗 Car Depreciation Calculator

Estimate your car's resale value over time

Estimated Resale Value
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Total Depreciation
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Depreciation %
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Car Depreciation Calculator — Estimate Resale Value

Cars are depreciating assets — understanding how quickly your vehicle loses value helps with financial planning, insurance decisions, and timing your eventual resale. This calculator uses a standard Indian depreciation schedule.

Why New Cars Depreciate Fastest

A new car typically loses 15-20% of its value the moment it's registered and driven off the showroom floor, simply because it's no longer "new." Depreciation continues but slows in subsequent years as the curve flattens.

EV vs Petrol Depreciation Differences

EVs have historically depreciated slightly faster in early years due to rapidly improving battery technology making older models feel outdated, and buyer uncertainty around battery health/replacement costs. As the EV market matures and battery technology stabilizes, this gap is narrowing.

Factors This Calculator Doesn't Capture

Brand reputation (Toyota/Maruti typically retain value better than less reliable brands), accident history, service record completeness, odometer reading relative to age, and regional demand all significantly affect actual resale value beyond the generic age-based estimate.

Frequently Asked Questions

Why do EVs sometimes depreciate faster than petrol cars? +
Rapid improvements in EV battery range and technology can make 2-3 year old EVs feel outdated faster than equivalent petrol cars. Buyer concerns about battery degradation and replacement costs also weigh on EV resale values, though this is improving as the market matures.
Does mileage driven affect depreciation beyond just age? +
Yes significantly — a car driven 30,000 km in 2 years will typically have lower resale value than an identical car driven only 10,000 km in the same period, since buyers factor in wear and remaining useful life.
Is this depreciation schedule the same for insurance (IDV) purposes? +
It's similar to the IRDAI-mandated depreciation schedule used for calculating Insured Declared Value (IDV) in motor insurance, though insurers may use slightly different exact percentages. This calculator gives a close approximation.