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Car Depreciation Value Predictor

Simulate future resale value decline based on vehicle age and type.

KRW
yr

Estimated current value

22,680,000KRW

💡 Depreciation is steepest in the first three years of ownership.

After 1 year
28,000,000KRW
After 3 years
22,680,000KRW
After 5 years
18,370,800KRW

How it works

A new car loses about 20% the moment it's registered, then depreciates annually by category (Korean 10%, kei 8%, import/luxury 18%, EV 15%) compounding each year. Just enter the age and category to see estimated resale value at 1, 3, and 5 years.

FAQ

Q. Why do EVs depreciate faster?

A. Battery-degradation concerns, shifting subsidy policy, and fast-moving tech all push EV depreciation higher than gas cars.

Q. Can this differ from real resale prices?

A. Yes — accident history, mileage, popular options, and market supply/demand can all shift the real price from this estimate.

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