Information on car depreciation: how much does a car lose in value in the first year??

The average depreciation for passenger cars of all classes is at an annual mileage of
15.000 kilometers in the first year after the vehicle was newly registered at 24.4 percent. In subsequent years, this figure falls to five to six percent from.

Highest loss of value in the first year!

Picture classic car

The loss in value of a car depends on various factors; classic cars, on the other hand, can turn out to be a profitable financial investment.

The depreciation of a Vehicles continues with the Signature on the contract of sale a. The culprit for the drop in value is the Wear and tear, the through the use of the vehicle arises. However, the loss of vehicle value applies not as a constant variable, for example, are losing New cars lose value faster than used cars. In the first year after registration for a New cars on average 24.4 percent loss in value calculate. Essential for the calculation is the Condition of the vehicle. This is based on the Mileage, the technical condition, the State of Care and the Equipment compared to Age of the vehicle.

Factors affecting value

Essential to the Determination of the amount of depreciation is the type of vehicle: Convertible, off-road vehicle or Notchback? Other important factors are the Image of the manufacturer as well as the Condition, d. h. mileage, technical condition, state of care, accessories, etc. compared to the age of the vehicle as well as marketability. As a car buyer you can have a significant influence on these factors, z. B. by regular maintenance and care as well as the Selection of a corresponding model under consideration of potential market opportunities in the event of resale. How to optimally care for your vehicle here.

Is a vehicle well maintained and mostly parked in the garage, it ages consequently relatively little and slowly. Does it stand on the other hand always outside and also becomes Maintained to a small extent, the residual value drops faster. Also the Carrying dogs Or this Smoking in the car can have a negative impact on the value. How heavily these factors weigh in determining value is u. a. furthermore from Vehicle segment dependent: At Porsche plays the maintenance condition play a greater role than, for example, a VW Golf or a Vans.

Determination of the depreciation

Image contract

The depreciation of a vehicle starts with the signature on the sales contract

A explicit formula to determine the loss of value in the first year does not exist. In general, vehicles with a high brand image to a tend to lose less value. Around the Residual value after one year, it is advisable to browse through the Used car exchange according to the prices for annual cars. Was there no model change, you have here a good reference point. If you want to get exact information about the residual value, you can get a appraiser continue to help (future predictions excluded).

Key facts to consider about depreciation:

Once you have registered your new car, it is no longer a new car. This means, therefore, that if you sell the car immediately after registration, you will not receive the new price under any circumstances.

The speedometer reading is also elementary: Even a few kilometers mean that the vehicle is by no means a new car. This also applies if you drive the car with a provisional registration (d. h. the next owner is the first owner).

The mentioned aspects lead to the high loss of value in the first year.

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