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Recently updated on September 22, 2023 at 08:12 am
Many like to spoil themselves with the purchase of one New car. The equipment will be according to your own ideas and desires put together and the car has the latest technical achievements and safety systems. The car also has zero kilometers on the odometer and is clean and shiny inside and out. However, a new car is quite expensive. In addition to the purchase price, there are also costs for registration, insurance, vehicle tax, fuel, maintenance and more. And another cost that should be taken into account, but is often neglected, is the depreciation. But how high is the depreciation of a new car within a year? On average, a new vehicle loses within the first year about 24 percent its purchase price. But how high is the depreciation after the second year? The loss in value decreases from the second year and is on average five to six percent per year. And which circumstances are responsible for the depreciation of a new vehicle? When it comes to the depreciation of a new vehicle, the vehicle class, the engine and the development of the used car market play a key role.
How much depreciation does a new vehicle have per year?
Depreciation begins immediately after approval of the vehicle, even if it has not yet been driven. How much does the vehicle lose in value and is there a specific formula that can be used to calculate what the vehicle will be worth in a few years? If you want to buy a car with a low mileage, a year-old car is a good and inexpensive option. Pre-owned cars are usually cheaper than brand new cars. But what is the reason that vehicles can be purchased so much more cheaply in a short time frame? The reason for this is the depreciation. Over the lifespan of a vehicle, it loses more and more value - this is an exception Oldtimer, which tend to get more expensive as they get older. Exactly how much depreciation can be expected? Are there any specific guidelines or formulas that can be used to calculate each value?
One can only say that one no general information can make. However, a development trend is recognizable. A new vehicle loses in his first year particularly valuable. As already mentioned, in the first year after registration, the new car loses an average of 24 percent in value. This is also the reason why annual cars are so cheap. After this high loss in value in the first year, the loss regulates itself to a relatively constant level. In the following years, the vehicle loses approximately five to six percent in value. After three years, a new car has a total of about 34 to 36 percent lost in value. So if your new vehicle costs 30.000 euros, if you want to sell it after three years, you can only count on less than 20.000 euros.
The depreciation of a new vehicle: how can the depreciation be calculated?
Calculating the depreciation of a new vehicle is not easy. The above percentages are just as average values consider. We will explain to you below which circumstances and facts reduce the value of your vehicle. When buying a new car, it is not yet possible to say what amount you can still ask for the car after two, five or ten years. That's why the internet is too no calculator for the probable depreciation to find a new car. In retrospect, however, the depreciation of your new car can easily be calculated. If you want to sell your car, you can go online to see what they charge for similar models at used car dealers.
There are also various calculators on the Internet where you can enter all the relevant data about the vehicle and quickly find out how much your car is still worth. If you then deduct the sum mentioned from the former new price, you will receive the depreciation. For example, if you bought your vehicle new for EUR 40.000 and sell it for EUR 20.000 five years later, the absolute depreciation is EUR 20.000. The relative reduction is therefore 50 percent. Your car would have lost exactly half of its former value within five years. Tip: An accident is not included in this scenario. If the vehicle is ready for scrap or close, then a special Accident car purchase be considered.
Calculate depreciation of a new car!
Even at the time of purchase, many new car owners would like to know what the vehicle will be worth a few years later. However, it is impossible to simply look up the depreciation in a table, even if it is for non-professionals maybe seems possible. Competent professionals have to get to work in order to precisely understand the depreciation of a new car. There are many aspects that play a role in this calculation. The professionals look at the following points, among others:
- Which vehicle class does the vehicle belong to?
- What engine is it equipped with?
- How high was the impairment of the previous model?
- Are future model versions already being planned?
- How is the used car market developing and how is its price level developing?
- Are larger fleets about to be liquidated and can there be an oversupply on the market and thus a drop in prices due to leasing returns?
- What about the development of the gross national product, unemployment figures and interest rates?
- What is the inflation rate?
But even these studies of the depreciation of new cars are only estimates. The value of your vehicle in a few years also depends on how well you take care of the vehicle, what equipment it has, its color and its mileage. A possible accident can also lead to a large loss in value of the vehicle. In such a case you are then with a special Car purchase well advised. On the one hand, these providers usually have a purchase form online and on the other hand, the processing is extremely uncomplicated and fast.
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