Car Depreciation Calculator Definition
The car depreciation calculator is a free simple to use tool to help you figure out how much your car value has depreciated over time. This is good to use for general knowledge or if you are looking to buy or sell a vehicle.
The car depreciation calculator is easy to use allowing you to get a helpful figure instantly. There are two different methods to figure out your value of your car and we will teach you how to use both of them.
Method 1: Type in the cost of your car or vehicle. Then type in your "Number of years to depreciate over". After this click the CALCULATE button in the Method 1 box. Your annual and monthly depreciation amounts will be given. It will also give your depreciation period in months.
The next way to use the car depreciation calculator is to use Method 2 by beginning with the ORIGINAL COST of your car or vehicle. After this enter in your ANNUAL DEPRECIATION RATE. After you do these click the Method 2 CALCULATE button.
The DEPRECIATION AMOUNT will be given to you for years one through five. It will also give you your WRITTEN DOWN value for years one through five.