Can I use this calculator for a leased vehicle?

The tool is designed for vehicles you own or plan to purchase; it estimates value retention based on purchase price and mileage, which may not align with lease-end buyout calculations.

How accurate is the depreciation estimate provided?

The calculator provides a ballpark figure based on industry averages and factors like vehicle type and mileage; actual resale value depends on condition, market demand, and regional factors not fully captured by the tool.

Does the calculator account for upgrades or modifications to the vehicle?

No, the tool uses standard depreciation factors; upgrades or custom modifications may increase or decrease resale value beyond the estimate.

Is there a limit to how many vehicles I can calculate depreciation for?

The material does not specify a limit; users can run the calculator multiple times for different vehicles or scenarios.

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Auto Depreciation Calculator

Provided byProgressiveprogressive.com

Progressive offers a free car depreciation calculator that estimates how vehicle value changes over time. The tool is...

One of 4 options for Auto Depreciation Calculator

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Screenshot of Auto Depreciation Calculator on Progressive — progressive.comOpen the live tool →

About this tool

What Auto Depreciation Calculator does

The Progressive Car Depreciation Calculator estimates how a vehicle's value declines over time, helping users forecast resale or trade-in worth. By inputting details like purchase price, current mileage, and vehicle age, the tool projects future value based on industry data and factors such as make, model, and vehicle type. The output provides a dollar amount and percentage loss, offering a practical snapshot for financial planning around selling or trading in a car. Progressive's version distinguishes itself by integrating educational context directly into the calculator. While other tools focus purely on numbers, Progressive's interface pairs the estimation with editorial guidance on depreciation drivers—such as SUVs and trucks holding value better than sedans, and used cars depreciating more slowly than new ones. The tool also references trusted sources like iSeeCars and Kelley Blue Book, giving users a grounded starting point for market research without requiring them to leave the page. This blend of simple estimation and explanatory content makes it accessible for users who want both a quick projection and a foundation for deeper research.

Step by step

How to use the Progressive Auto Depreciation Calculator

1
Enter the original purchase price of the vehicle in the purchase price field.
2
Input the current mileage of the car to adjust the depreciation rate.
3
Specify the current age of the vehicle in years.
4
Click the calculate button to generate a projected resale value and percentage loss.
5
Review the results, which include a dollar amount and percentage depreciation, and use the provided educational notes to understand how make, model, and vehicle type influence the estimate.

Is it right for you

Best for

This option suits drivers planning a future sale or trade-in who want a quick, free projection grounded in industry data and accompanied by explanatory context about factors like vehicle type and mileage.

Limitations

Results are estimates and may not reflect specific local market conditions or unique vehicle conditions.
The tool does not allow for unit switching or detailed customization beyond price, mileage, and age.
As a free resource on an insurance site, the calculator may prioritize general trends over highly personalized valuation models.

Questions

Auto Depreciation Calculator FAQ

Can I use this calculator for a leased vehicle?: The tool is designed for vehicles you own or plan to purchase; it estimates value retention based on purchase price and mileage, which may not align with lease-end buyout calculations.
How accurate is the depreciation estimate provided?: The calculator provides a ballpark figure based on industry averages and factors like vehicle type and mileage; actual resale value depends on condition, market demand, and regional factors not fully captured by the tool.
Does the calculator account for upgrades or modifications to the vehicle?: No, the tool uses standard depreciation factors; upgrades or custom modifications may increase or decrease resale value beyond the estimate.
Is there a limit to how many vehicles I can calculate depreciation for?: The material does not specify a limit; users can run the calculator multiple times for different vehicles or scenarios.

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