How is depreciation worked out?
Filed under:
choosing used car
The question
How is depreciation worked out for cars and who decided on a percentage figure?
Asked by Frank Dodd ·
Expert 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.
Answered by Shane O' Donoghue