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Forum Fuel and economy depreciation

By pjpacey | AA Member | 1 Post | 19 June 2014 at 1:57pm

am setting car value for insurance purposes. what is the depreciation % on a car bought new 1 year ago?

By ABayliss | AA Expert | 2169 Posts | 19 June 2014 at 3:25pm

Depreciation (as in the actual value of the vehicle - as opposed to allowable depreciation for IRD purposes) varies from car to car. However, in approximate terms, allow about 20% - 25% for most run of the mill vehicles.