Calculating depreciation on a used car

hoodie6029 · 02-07-2018 01:42PM #1

Hi everybody,
I have a 2014 BMW 220D. I bought it last year. I'm thinking of holding on to it for a few more years.
Should I expect 20% depreciation each year or does it change as it gets older?
Thanks

biko · 02-07-2018 01:54PM

Generally depreciation is mostly the first few years and then evens out*

*lots of caveats for brand, gadgets, engine type etc etc

colm_mcm · 02-07-2018 07:03PM

How much are are 2010 120d coupes making now?
Should be around the same as what yours should be worth in 4 years.

Probably.

grogi · 02-07-2018 07:12PM

hoodie6029 wrote: »

Hi everybody,
I have a 2014 BMW 220D. I bought it last year. I'm thinking of holding on to it for a few more years.
Should I expect 20% depreciation each year or does it change as it gets older?
Thanks

Yep, as a general guidelines take 20% of value in that year.

Treat the above feet loosely though. The are loads things that change the rate, such as perceived reliability, rarity, brand image etc.

hoodie6029 · 03-07-2018 09:10AM

Thanks folks, appreciate the input. There's a lot of imports on the market which will probably drive the price for me down a bit more.

Trasna1 · 03-07-2018 12:20PM

hoodie6029 wrote: »

Hi everybody,
I have a 2014 BMW 220D. I bought it last year. I'm thinking of holding on to it for a few more years.
Should I expect 20% depreciation each year or does it change as it gets older?
Thanks

Standard depreciation is 50% every three years, until you get to around 10 years.
Wear and condition is also a factor, and has more of a bearing on values at the older end of the spectrum than the plate.

Calculating depreciation on a used car

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