4 ms·

While I'm fine with exponential depreciation, the rates are very high (or maybe just variable by car). My RAV4 has closer to 9-10% depreciation (assuming 15k mi

While I'm fine with exponential depreciation, the rates are very high (or maybe just variable by car). My RAV4 has closer to 9-10% depreciation (assuming 15k miles/year) per the Edmunds TCO mentioned elsewhere. May be constructive to look up your individual car and input it into khet's calculator. Kudos for giving us the option. May be helpful flag inputs that are highly deterministic of the output and suggest look-ups.

uncoder0 12y ago
Yeah I actually have an outlier that has negative depreciation. Got it used for 26k with 44k miles. 6 Months later my insurance company informed me that they had to put my car value closer to 32k due to replacement costs and that this may go up over my ownership of the car.