Car Depreciation
Parameters
Estimated value after 5 yrs
$125,282
−$174,719 (58%)
Loss per year$34,944
Loss per month$2,912
By year
Year 1$240,000−$60,000
Year 2$204,000−$36,000
Year 3$173,400−$30,600
Year 4$147,390−$26,010
Year 5$125,282−$22,109
Estimate: −20% first year, −15%/yr up to 5 years, then −8%/yr, adjusted for mileage (~15,000 km/yr norm). Actual value depends on make, condition and market.