Estimate your vehicle's future value and understand the financial impact of depreciation over time.
| Year | Starting Value | Depreciation | Ending Value | Value Lost |
|---|
Brands known for reliability and low maintenance costs (e.g., Toyota, Honda) tend to depreciate slower than others.
Higher mileage significantly accelerates depreciation. The average is about 12,000-15,000 miles per year.
A well-maintained vehicle with a clean history and no accidents will always hold its value better than one in poor condition.
During times of high gas prices, fuel-efficient vehicles depreciate slower. The popularity of SUVs vs. sedans also impacts value.
High-demand models and desirable trim levels (e.g., AWD, sunroof) can help retain value. Niche or luxury models often depreciate faster.
Common colors like white, black, silver, and gray are "safer" and have broader appeal, leading to slower depreciation than bold colors like orange or purple.
The steepest depreciation hit occurs in the first 1-2 years. Buying a slightly used car lets the first owner absorb that massive initial loss.
Research vehicles with historically low depreciation rates. Trucks and certain SUVs often hold their value well.
If possible, limit your annual driving. Lower mileage is one of the most significant factors for a higher resale value.
Keep detailed records of all maintenance and repairs. A complete service history is a huge selling point.
Regularly clean your car inside and out. Avoid extreme modifications, as they can narrow your pool of potential buyers.
Convertibles sell for more in the spring and summer, while AWD vehicles are more in demand before winter. Selling at the right time can boost your price.