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Vehicle Depreciation Calculator
Calculating vehicle depreciation is vital if you are planning to sell any of your old vehicles you own. By calculating the vehicle depreciation you will be able to find the current value of your vehicle. This can be done when you know the original cost of your vehicle, the rate of depreciation per year and the number of years of the vehicle from purchase.
Formula to calculate vehicle depreciation is given by:
where,
V is the value of the car after t years
C is the original cost
r the rate of depreciation
t = Number of years from purchase
Use our below online vehicle depreciation calculator to calculate the current value of your bike, suv, van, truck etc. Enter the original cost, rate of depreciation and number of years from purchase and click calculate in the solver to get the answer.
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