How to calculate car value after percentage depreciation over time?
Try changing the values in the input fields below to see how the calculation results update in real time!
My new car depreciates by about % in its first year. I bought it for $ ...
What will it be worth after a year?
Calculation type: Finding the value after a percentage
decrease.
Calculator usage:
Option 1 (Direct method): Use the Decreased Value CALCULATOR ("Calculate new value after percentage decrease"). Enter $80000 [Original] and 15% [Decrease]. The calculator will directly give you the car's value after one year.
Option 2 (Step-by-step method):
Step 1: Calculate the depreciation amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter 15 [X] and $80000 [Y]. The calculator will determine 15% of $80000.
Step 2: Subtract the depreciation amount calculated in Step 1 from the original car price.
Formula explanation:
We want to find the car's value after one year, given it loses 15% of its value from $80000.
Depreciation = (15 / 100) × $80000 = 0.15 × $80000 = $12000
Value after one year = $80000 - $12000 = $68000
Calculator usage:
Option 1 (Direct method): Use the Decreased Value CALCULATOR ("Calculate new value after percentage decrease"). Enter $80000 [Original] and 15% [Decrease]. The calculator will directly give you the car's value after one year.
Option 2 (Step-by-step method):
Step 1: Calculate the depreciation amount. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter 15 [X] and $80000 [Y]. The calculator will determine 15% of $80000.
Step 2: Subtract the depreciation amount calculated in Step 1 from the original car price.
Formula explanation:
We want to find the car's value after one year, given it loses 15% of its value from $80000.
Depreciation = (15 / 100) × $80000 = 0.15 × $80000 = $12000
Value after one year = $80000 - $12000 = $68000
Answer: The car will be worth $ after one year.