Vehicle Depreciation Calculator
See what a vehicle costs you in lost value, and whether your loan could be bigger than the car is worth, using your own resale estimate.
Quick answer
Shows how much value a vehicle loses between the price you pay and the resale value you expect, and the months when your loan balance could be higher than the car is worth. It uses only the numbers you enter and does not predict values.
Next step: compare leasing and buying with the lease vs buy calculator.
Example only. Replace it with your own figure.
Use a dealer trade-in quote or listings for the same model, age and kilometres. This is your estimate, not a forecast. Example only. Replace it with your own figure.
The point in time your resale estimate is for.
Used for the cost per kilometre. Enter 0 to skip it.
Combined sales tax for your province, from your dealer quote. Example only. Replace it with your own figure.
Example only. Replace it with your own figure.
Enter 0 if you pay cash and set the down payment to the full price. Example only. Replace it with your own figure.
From the loan quote.
Value lost over your ownership
$20,000
Average yearly decline
12.94%
Lost per year, on average
$4,000
Lost per month, on average
$333.33
Lost per kilometre
$0.2
Loan balance when you sell
$8,117.94
Value minus loan balance at sale
$11,882.06
Months you owe more than it is worth
18
Largest amount owed above its value
$1,200
This draws a smooth line between the price and the resale value you entered. Real values do not fall along a smooth line, so check the value for the year that matters to you.
The loan includes sales tax, so you can owe more than the price on day one. A larger down payment, a shorter loan or a smaller loan amount reduces that gap.
On these numbers you owe more than the car is worth for 18 months, up to month 17. If the car were sold or written off in that time, the loan could be larger than what you receive. Ask your insurer or dealer whether gap coverage exists and exactly what it covers.
The Government of Canada explains car financing options.
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Send this to someone
Calculations run in your browser. Your figures stay on your device unless you choose to save them to Saved Items, or share a link that contains them.
Next step: learn how this works
Read the guide behind these numbers, with sources and checked dates.