Car Depreciation Per Mile Calculator
Instantly estimate how much value your vehicle loses for every mile driven. Accurate, free, and essential for budgeting, selling, or leasing your car.
Calculate Your Depreciation
Enter your vehicle’s financial and mileage details below to get an instant, precise estimate of your car’s depreciation per mile.
Depreciation Estimator
Input your vehicle details to see the cost per mile
What you paid for the vehicle
Current market or trade-in value
Mileage accumulated during your ownership
Estimated Depreciation
Value loss based on your inputted data
Average Depreciation by Vehicle Type
Estimated average depreciation rates per mile and annually for common vehicle categories in the UK.
| Vehicle Type | Avg. Depreciation / Mile | Avg. Annual Depreciation |
|---|---|---|
| Economy Hatchback | £0.10 – £0.15 | £1,200 – £1,800 |
| Midsize Sedan | £0.15 – £0.25 | £1,800 – £3,000 |
| Family SUV | £0.20 – £0.35 | £2,400 – £4,200 |
| Luxury Vehicle | £0.30 – £0.50+ | £3,600 – £6,000+ |
| Electric Vehicle (EV) | £0.25 – £0.40 | £3,000 – £4,800 |
Depreciation FAQ
Everything you need to know about vehicle value loss, mileage impact, and protecting your car’s worth.
Subtract the current estimated value of the car from its original purchase price to find the total value lost. Then, divide that amount by the total number of miles driven since purchase.
On average, a standard car depreciates between £0.15 and £0.30 per mile. Luxury vehicles and large SUVs often depreciate faster, while economical hatchbacks may depreciate at a lower rate.
Yes, higher mileage generally leads to a lower resale value. However, the rate of depreciation per mile often slows down after the first 30,000 to 50,000 miles, as the steepest value drop happens in the first few years of ownership.
Keep up with regular maintenance, retain all service records, avoid unnecessary modifications, keep the mileage as low as reasonably possible, and store the vehicle in a garage to protect its exterior and interior condition.