A car depreciates in value by 15% per year. If it is worth $20,000 now, what will it be worth in 3 years?

Sun, 03 May 2026 06:40:28 +0000

Understanding Car Depreciation: How Much Will a $20,000 Car Be Worth in 3 Years? When buying a vehicle, one of the most important financial realities investors and buyers face is car depreciation—the steady drop in a car’s value over time. Understanding how much depreciation affects your investment helps make smarter purchasing and long-term financial decisions. If your vehicle depreciates by 15% per year, and it’s currently worth $20,000, how much will it be worth in 3 years? Let’s break it down. --- ### What Is Car Depreciation?