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How is depreciation worked out?

How is depreciation worked out for cars and who decided on a percentage figure?

Filed under choosing used car - Asked by F D (Dublin) - Fri, 01 Oct 2021 20:26

Shane O' Donoghue Answered by: Shane O' Donoghue - Complete Car Advisor - @Shane_O_D

Answer

Hi F D,

There is no such thing as a fixed depreciation percentage for cars. It varies massively from model to model and is also affected by things like mileage, condition, demand in the market, etc. 

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