Find out how much your car will be worth in future years.
| Year | Value | Lost This Year | Total Lost |
|---|
Cars lose value over time — this is called depreciation. New cars typically lose 15–25% of their value in the first year and around 10–15% per year after that.
A new car loses roughly 20% of its value the moment you drive it off the lot. After the first year, depreciation slows but continues steadily.
Trucks and SUVs from Toyota, Honda, and Subaru tend to hold their value best. Luxury brands like BMW and Mercedes depreciate faster due to higher maintenance costs and lower resale demand.
If you're financing a car, depreciation determines whether you go "upside down" on your loan — owing more than the car is worth. Buying a 2–3 year old used car lets someone else absorb the steepest depreciation.