Do some cars depreciate less?
Yes. Brands known for reliability (like Toyota or Honda) and certain highly sought-after trucks or sports cars depreciate slower than average.
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Car Depreciation Calculator
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How car depreciation works
Cars are depreciating assets. A brand new car loses the largest chunk of its value (often 20% or more) in the first year of ownership.
After the first year, most cars lose about 15% of their remaining value each year.
Year 1 (New): Value - 20% Subsequent Years: Previous Year Value - 15%
Frequently asked questions
How does depreciation affect leasing?
When you lease a car, you are primarily paying for the car's depreciation over the lease term, plus a finance charge (money factor).