How Do You Calculate Car Depreciation Value?
Calculating the depreciation value of a vehicle is a useful tool when shopping for a car, or when preparing to sell a vehicle you currently own. Depreciation values will give you an accurate estimate of what a vehicle will be worth several years down the road–or what it is worth now, if you have owned it for a few years. Depreciation ratings of different vehicles can vary tremendously, depending on the make and model, as well as optional equipment and mileage. Determine the residual percentage of the vehicle you need to calculate depreciation of. Residual percentages can be accessed online at a variety of sources (see Resources). Find the original MSRP of the vehicle. If you have the original window sticker, this information will be at the bottom right-hand corner. If you do not have the window sticker, you can call a dealer that sells the brand of vehicle and ask them to look it up. It is recommended to contact a dealer and give them the specific VIN (this 17 digit number be found on
