Car Depreciation Calculator
Works out the yearly depreciation buyers in Singapore use to compare used cars.
Result
- Annual depreciation
- S$11,052.63
- Monthly depreciation
- S$921.05
How to use the car depreciation calculator
- Enter the price you pay (S$).
- Enter the parf + coe rebate at end (S$).
- Enter the years of coe remaining.
- The results update as you type, or press Calculate.
- Read the annual depreciation first, then the supporting figures below it.
Formula
Depreciation = (price − rebates) ÷ remaining COE years.
Worked example
For example, with these inputs:
- Price you pay (S$): 120,000
- PARF + COE rebate at end (S$): 15,000
- Years of COE remaining: 9.5
the calculator returns:
- Annual depreciation: S$11,052.63
- Monthly depreciation: S$921.05
Background
Compounding is the reason long-term saving works: returns earn further returns, so the growth curve steepens over time. The same maths works against you with debt, which is why credit card balances at around 27% a year grow quickly if only minimum payments are made.
Calculators make it easy to compare scenarios side by side: a shorter tenure versus a lower instalment, a higher deposit versus more cash in hand, or paying down debt versus investing. Seeing the total cost, not just the monthly figure, usually makes the better choice obvious.
Frequently asked questions
How does the car depreciation calculator work?
It applies this formula: Depreciation = (price − rebates) ÷ remaining COE years.
Is this financial advice?
No. It is a calculation tool. For decisions about loans or investments, compare official offer documents and consider speaking to a licensed adviser.