Used Dodge Grand Caravan for sale in  USA

Depreciation Curve

If a new car doesn't fit your budget you can always check a depreciated used car for the same feel by spending lesser bucks.The Department of Transport says that the average life span of a car in the US is around 12-13 years. Thus, we will recommend that you sell your car after driving it for a period of 7-8 years.

This also gives the new owner a period of 5 years.

The average rate of depreciation will be low for the first couple of years. However, once the 5 year period is passed, it is difficult to estimate a definitive depreciation value. Cars from Honda, Toyota, Acura, and Lexus will fetch you good deals as they are highly reliable and require very low maintenance. Luxury cars, on the other hand, show a great deal of depreciation.

Current Price

This represents the current price of the car in corresponding year.

Depreciation

This is the absolute amount of reduction of value of your car over time, mainly because of wear and tear and aging.

Depreciation Percentage

This is the depreciation amount of the value of your car in subsequent years, represented in percentage.

Residual price

Residual price is the depreciation hit or current price of the car compared to the original price, in terms of percentage.

Years left

The Department of Transport prescribes that the life span of a car in the US should not be more than 12 years. Thus years left tells you how long, in terms of years, you can drive the car before it is deemed unfit by the Department of Transport.

Years left percent

This is just the years left in terms of percentage.

Deal score

This is perhaps the most important aspect while buying a preowned car. The higher the deal score is, the better the deal will be for a buyer and vice-versa.