Understanding Car Depreciation for Vehicles Under 9 Seats

Do you own a car with under 9 seats and wonder about its depreciation? While a well-maintained car can last a long time, how can you keep it running economically and efficiently? This article will answer all your questions about car depreciation for vehicles under 9 seats, helping you make informed decisions for your “companion on the road.”

Spacious interior of a 9-seater car

What is car depreciation? Simply put, it’s the loss of a car’s value over time. For cars with under 9 seats, the depreciation rate is usually calculated based on the number of years of use or the mileage driven.

Graph illustrating car depreciation over time

So how do you calculate car depreciation accurately? There are various calculation methods, but the most common is the straight-line method. This involves determining the car’s initial purchase price, estimating its resale value, and dividing the difference evenly by the number of years of use.

Technician performing car maintenance

Understanding car depreciation not only helps you make informed decisions about buying and selling cars but also helps you maintain your vehicle economically and efficiently.