it assess purchase of new car.example
car expenses rs:24,000/- and car depreciation rs:20,000/-yearly
question:
how to calculate procedure car expenses and car depreciation for personal and business in it act.
Car Depreciation Calculator
This Car Depreciation Calculator allows you to estimate how much your car will be worth after a number of years. The calculator also estimates the first year and the total vehicle depreciation.
It is fairly simple to use. All you need to do is:
- Select the currency from the drop-down list (optional)
- Enter the purchase price of the vehicle
- Input the current age of the vehicle - if the car is new, simply input 0
- Enter the number of years you will own the car
- Select your car's depreciation rate from the drop-down list. You can choose from four car depreciation rates: high, average, low and custom:
- The low depreciation rate is usually applicable to the following car brands: Audi, Mercedes, Porsche, Land Rover.
- The average depreciation rate is usually applicable to the following car brands: Ford, Mitsubishi, BMW, Skoda, Volvo, Lexus, Kia. We recommend you use this depreciation rate as a default if you are unsure.
- The high depreciation rate is usually applicable to the following car brands: Citroen, Renault, Peugeot, Fiat.
- If you choose "Custom" - You can enter another depreciation rate for period of car ownership.
Finally, in the last step, click on the "Calculate" button to determine annual, total depreciation and estimated value of your vehicle at end of ownership period.
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