Singapore car depreciation calculator
The sticker price is not what a car costs you. Depreciation is usually the biggest part: the price you pay minus the paper value you get back, spread over the years you own it. Work out the number dealers compare cars on.
Car details
Live estimateDepreciation
Straight-lineAnnual depreciation $10,000.
Depreciation per year
$10,000
What you lose each year
Total over the period
$80,000
Per month
$833
Compare cars on depreciation per year, not the sticker price. A cheaper car with a high depreciation can cost more to own than a pricier car that holds its value. This is the number to negotiate on.
What car depreciation really means
Depreciation per year = (purchase price minus deregistration value) divided by the COE years you keep the car. It is usually the biggest cost of ownership, the cash you will not get back, before running costs like road tax and insurance.
The deregistration (paper) value is your PARF rebate plus COE rebate. The lower your depreciation per year, the cheaper the car is to own, whatever the sticker price.
A negative figure means the paper value is higher than the price, so the car may recover more than you paid (before running costs).
To add road tax, fuel, insurance, parking, maintenance and ERP, use the monthly ownership cost calculator.