Car Value Calculator

This calculator helps you estimate the current market value of your vehicle based on its make, model, year, mileage, and condition. The calculations follow industry-standard depreciation models.

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Enter Vehicle Information

Depreciation Over Time

Sample Calculations

Example 1: 5-Year-Old Sedan in Good Condition
Original Price: $30,000, Year: 2021, Mileage: 60,000, Condition: Good, 1 Owner, No Accidents
Estimated Current Value: $15,000 - $18,000 (40-50% depreciation)
Example 2: 3-Year-Old Electric Vehicle
Original Price: $45,000, Year: 2023, Mileage: 30,000, Condition: Excellent, 1 Owner, Full Service
Estimated Current Value: $32,000 - $36,000 (20-29% depreciation)
Example 3: 8-Year-Old Truck with Accident History
Original Price: $40,000, Year: 2018, Mileage: 120,000, Condition: Fair, 2 Owners, Minor Accident
Estimated Current Value: $12,000 - $15,000 (62-70% depreciation)

Calculation Methodology & Sources

Data Source: Kelley Blue Book, Edmunds, NADA
Last Updated: January 2026
Reference: View Sources

The vehicle value calculation uses a multi-factor depreciation model:

  • Age Depreciation: 15-25% first year, 10-15% subsequent years
  • Mileage Depreciation: Standard rate of $0.15-$0.20 per mile over 12,000/year
  • Condition Factor: Excellent (0%), Good (-10%), Fair (-20%), Poor (-40%)
  • Owner Factor: 1 owner (0%), 2 owners (-5%), 3+ owners (-10%)
  • Accident Factor: Minor (-10%), Major (-25%)
  • Kelley Blue Book - Vehicle valuation data and market trends
  • Edmunds - Used car pricing and depreciation guides
  • NADA Guides - Official vehicle valuation standards
  • Insurance Information Institute - Vehicle value for insurance purposes

    • Frequently Asked Questions

    Car depreciation is the decrease in value over time. New cars typically lose 15-25% of their value in the first year, and 10-15% each subsequent year. Factors like mileage, condition, and market demand also affect depreciation.
    Retail value is what you could sell the car for privately, while trade-in value is what a dealership would offer you. Trade-in value is typically 10-20% lower than retail value.
    Even minor accidents can reduce a car's value by 10-15%, while major accidents can reduce it by 25% or more. The severity of damage and quality of repairs matter.
    Your vehicle's value determines your comprehensive and collision coverage limits and the payout you'd receive if your car is totaled.