YACT: Depreciation calculators?

[Syringer]

Is there a site out there that calculates the price of a car after a certain period of time?

 

[NeoPTLD]

Originally posted by: Syringer
Is there a site out there that calculates the price of a car after a certain period of time?

Do your own work.

 

[SammyBoy]

Value of car = what the market is willing to pay at a given time. Many things will change this factor, any depreciation calculator would be stupid and inaccurate.

Only exact figures in used car depreciation is your car loses 12.5% the second you roll it off the lot and 47.25% after 3 years. All other #'s are completely arbitrary.

 

[Eli]

Originally posted by: SammyBoy
Value of car = what the market is willing to pay at a given time. Many things will change this factor, any depreciation calculator would be stupid and inaccurate.

Only exact figures in used car depreciation is your car loses 12.5% the second you roll it off the lot and 47.25% after 3 years. All other #'s are completely arbitrary.

heh.

 

[Syringer]

Can't you simply take into consideration current trends to predict how much further a car will depreciate?

 

[Vic]

Originally posted by: SammyBoy
Value of car = what the market is willing to pay at a given time. Many things will change this factor, any depreciation calculator would be stupid and inaccurate.

Only exact figures in used car depreciation is your car loses 12.5% the second you roll it off the lot and 47.25% after 3 years. All other #'s are completely arbitrary.

How much a car loses when driven off the lot depends on what you paid for it. If you got hosed by the dealer and paid more than MSRP, then you're screwed. If you paid less than invoice, then you may have lost very little money. It also depends on the car itself as well. Some are more desireable than others.

 

[Demon-Xanth]

KBB isn't bad.

 

[BigSmooth]

Edmunds.com has a feature called "True cost to own" on every new vehicle that includes a chart with their estimated depreciation over the first 5 years of the car's life. Obviously, this cannot be 100% accurate but it can at least give you some ballpark expectations.

 

[dullard]

I think one of the best estimates is to look at what older models are running for. If you want to know roughly what your car will be worth in 3 years, look at the price of used cars of the same make and model - but 3 years older.