How this car depreciation calculator works
Pick a year, make, and model. We look at current British Columbia ads for that same car from four years older through two years newer, when those years exist. Each year gets its own market lookup. We then draw two charts.
The top chart is a clock. Today is the typical private asking price for the year you typed. “In one year” is what one-year-older cars of the same model already ask today. “In four years” is what four-year-older cars already ask. If a year has no usable ads, we leave that step out instead of guessing.
The bottom chart is the year chart. It shows older and newer model years side by side, including years newer than yours, so you can see the car depreciation curve on today’s market.
Car depreciation in Canada, in plain words
Cars usually list for less as they get older. That drop is what people mean by car depreciation. This page does not use a set yearly rate. It shows what people are asking today for older and newer examples of the same model in Canada, starting with British Columbia ads.
How much does a car depreciate per year?
There is no single answer. The car depreciation rate on this page is not a fixed percent. It comes from older ads of the same model. A Honda Civic, a Ford F-150, and a Tesla Model 3 will not move the same way. Use this vehicle depreciation calculator to see the model you care about.
Car depreciation chart by model
A generic nationwide table can hide big differences between models. This car depreciation calculator by model builds both charts from the car you type, so you can see that vehicle’s asking prices side by side. It is a vehicle depreciation calculator for Canada that starts with British Columbia ads.
What the numbers are — and are not
The prices are typical private asking prices, not the amount a car actually sold for, and not a book value. Condition, kilometres, options, and how badly someone wants to sell still matter. Use the charts as a first look, then check one year more closely if you need the ads behind a number.
Frequently asked questions
How does this car depreciation calculator work?
You enter a year, make, and model. We look up current British Columbia ads for that same car from four years older through two years newer, when those years exist. The top chart is a clock: today’s asking price, then what one-, two-, three-, and four-year-older cars of the same model already ask. The bottom chart is a year chart: older and newer model years side by side. Years with no usable ads are skipped. We do not invent a price.
Is this a tax or CCA depreciation calculator?
No. This is not a tax write-off tool and it does not use capital cost allowance (CCA) or other accounting rules. It only compares asking prices on today’s ads. You cannot use it for income tax, GST/HST claims, or business write-offs.
Are these sold prices or asking prices?
Asking prices. The numbers come from current ads, not from what cars actually sold for, and not from a book value. A seller can ask more or less than a buyer will pay.
How do you get the yearly rate? Is it a fixed percent?
There is no fixed car depreciation rate on this page. The “next four years” numbers are remapped from older ads on the market today. If you typed a 2024, “in four years” is what 2020s of the same model already ask. That is a stand-in, not a promise, and not a set yearly percentage.
What if a year has no ads?
That year is left out of both charts. We do not smooth over the gap or guess a number. Try All of British Columbia, drop the kilometre filter, or pick a more common model. You can also check a single year on What’s My Car Worth.
Can I use this for ICBC, tax, or a sale?
No. This is market research only. It is not a licensed appraisal and cannot be used for ICBC claims, provincial sales tax (PST), estate paperwork, or any purpose that needs a certified value.
Why do I need to complete a verification?
The quick bot check helps us keep this free while stopping automated scraping. The browser form is private. Repeat searches for the same car are often instant.
This is not…
This free car depreciation calculator is a market comparison, not a licensed appraisal, not a tax depreciation schedule, not Canadian Black Book, and not an ICBC determination. It pulls current asking prices from AutoTrader, Carpages, Kijiji, Auto123, and Craigslist. Use it for research only.