New vs Used Car Calculator

About this calculator

Comparing a new versus used car comes down to the purchase-price gap and what it represents in depreciation already absorbed. A new car typically loses roughly 20% of its value in the first year and around 15–20% each year after that (the steepest drop happening the moment it's driven off the lot), while a 2–3-year-old used car has already taken that first, biggest hit — meaning the buyer captures that depreciation as savings instead of the seller.

This calculator shows both the flat dollar savings and the percentage saved by buying used instead of new, figures car shoppers, personal-finance advisors, and dealership finance staff use to weigh sticker price against factors like warranty coverage, financing rates, and expected resale value.