Easily calculate rental car depreciation using our tool. Enter initial value, rental duration, and depreciation rate to determine the depreciated value.
It’s fast and simple—anyone can do it!
Rental car depreciation refers to the loss in a vehicle’s value over time due to:
Unlike personal-use cars, rental vehicles depreciate faster due to their commercial nature and high usage turnover.
To estimate the depreciated value of a rental vehicle, this tool uses a compound decay model. The inputs are:
Depreciated Value = Initial Value × (1 - Depreciation Rate/100)(Rental Duration / 30)This reflects exponential depreciation based on monthly loss. Adjust the rate for more accurate real-world modeling.
Understanding depreciation helps with:
A company with 100 sedans valued at $25,000 each and a monthly depreciation of 3% uses the formula:
$25,000 × (1 - 0.03)^6 ≈ $20,843This helps the fleet manager determine when to sell or reassign vehicles.
After renting a $35,000 SUV for 90 days, a buyer wants a fair price. Assuming a 2.5% monthly rate:
$35,000 × (1 - 0.025)^3 ≈ $32,413The calculator aids negotiation based on real depreciation.
Start calculating now and take control of your vehicle's financial future with confidence!
| Initial Value | Rental Duration (days) | Depreciation Rate (%) | Depreciated Value |
|---|---|---|---|
| $30,000 | 30 | 2 | $29,400 |
| $25,000 | 60 | 3 | $23,225 |
| $35,000 | 90 | 2.5 | $32,413 |
| $40,000 | 180 | 4 | $31,491 |
| $20,000 | 1 | 3 | $19,980 |