Car Depreciation per Mile Calculator
Enter purchase price, resale value, mileage and running costs.
Depreciation per mile
β
Enter values above
Total cost per mile
β
Depreciation over the period
β
Miles driven
β
Cost per month
β
Depreciation as % of price
β
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Purchase price ($) | 30000 |
| Resale value after the period ($) | 15000 |
| Years owned | 5 |
| Miles driven per year | 12000 |
| Other costs per year ($) | 1500 |
| Result | Value |
|---|---|
| Depreciation per mile | $0.25 |
| Total cost per mile | $0.38 |
| Depreciation over the period | $15,000 |
| Miles driven | 60,000 |
| Cost per month | $375 |
| Depreciation as % of price | 50.00% |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Car Depreciation per Mile Calculator
- Purchase price ($) β default 30000
- Resale value after the period ($) β default 15000
- Years owned β default 5
- Miles driven per year β default 12000
- Other costs per year ($) β default 1500
- Press Calculate to update the results instantly.
Frequently asked questions
Because it is invisible β you pay it once when you sell, not monthly. On a typical new car it accounts for roughly half the total cost of ownership over five years.
Models with strong residual values and steady demand, often certain Japanese and German marques, and pickups. Luxury saloons and electric vehicles with fast-moving technology generally lose value faster.
Yes, but not linearly. The first 100,000 miles carry the steepest fall. After that the curve flattens, which is why older high-mileage cars often deliver the lowest cost per mile.