Overview

The Vehicle Depreciation Calculator estimates the current residual value and depreciation curve of a vehicle based on its original price, age, and mileage. It is useful for determining fair pricing when buying or selling a used car, or assessing asset value.

Formula

Residual Value = Original Price x (1 - Annual Depreciation Rate)^Years. Typically, a car loses about 20–30% in the first year and 10–15% each subsequent year. Example: a 30 million KRW car after 3 years → 30M x (1 - 0.15)^3 ≈ 18.4M KRW.

How to Use

1. 1Enter the original price (MSRP) of the vehicle.
2. 2Enter the first registration year or vehicle age.
3. 3Optionally enter total mileage for a more accurate estimate.
4. 4Click 'Calculate' to see the current residual value and depreciation graph.

Tips

• ✔Imported cars tend to depreciate faster in the first year than domestic models.
• ✔Popular segments (SUVs, hybrids) retain value better.
• ✔Accident history significantly increases depreciation — always check for prior damage.
• ✔Mileage exceeding the annual average of 15,000–20,000 km causes additional depreciation.
• ✔Well-maintained service records help a vehicle hold its value.

FAQ