How it works
A car loses about 15% of value in year one, then depreciates annually by a type-specific compound rate (10% domestic, 18% imported/luxury, 15% EV, 20% other). Mileage above 15,000km/year adds extra depreciation.
FAQ
Q. Why is EV depreciation higher?
A. Battery tech evolves quickly, so older EV models tend to lose value faster.
Q. Could this differ from actual resale prices?
A. Yes — accident history, trim, and color also affect real resale prices, so treat this as a reference.