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Approximate the price of an automobile with 25,000 miles

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User Tspano
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1 Answer

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I think you are talking about depreciation. I depends on several factors like the car's make or model, age, overall condition, market demand, maintenance, and it's past (if involved in any crash, collision or not).

Generally a car loses 15 - 20 percent of it's value in a first year, then that much of it's value the next each years, like compound interest, but reverted :D.

So unless there's something special about your car, or there's something really special about your car that people looks for, that's how much it's going to depreciate.

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User Bantic
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