RapidCheck

Car Depreciation Calculator

Estimate your car resale value after depreciation.

Last updated: 9 Aug 2026

Quick answer

Resale value = price × (1 − depreciation rate ÷ 100)^years. For example, a ₹10 lakh car depreciating 15% a year is worth about ₹5.22 lakh after 5 years. Enter the price, rate and years above.

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Estimate your car's resale value after depreciation: value = price × (1 − rate ÷ 100)^years. Cars typically lose value fastest in the first years.

How to calculate car depreciation

  1. 1 Enter the current/purchase price.
  2. 2 Enter an annual depreciation rate (often 10–20%) and years.
  3. 3 We show the estimated resale value.

Frequently asked questions

How much does a car depreciate?
Often 15–20% in the first year and roughly 10–15% each year after, varying by brand and condition.
How is depreciation calculated?
Reduce the value by the depreciation rate each year: value × (1 − rate/100)^years.
Does depreciation affect insurance?
Yes — the insured declared value (IDV) falls with age, lowering both premium and claim payout.

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