skip to main contentskip to footer

Depreciation

Keywords

What is meant by the depreciation of a car?

Depreciation is the difference between the value of a car when you buy it and what it's worth when you come to sell it.

Different cars models lose their value at different rates, but a sad fact of life is you can expect something in the region of 15-35% being lost in the first year, with around 60% or more lost over three years.

What a car is worth after depreciation is known as its residual or resale value.

Need a hand?We're ready to help 8am-8pm, 7 days a week.

Cinch Cars Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include acting as a credit broker not a lender.

We can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We may receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types. The payment received does not impact the finance rate offered.

All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required.

We accept all major Visa, Mastercard and American Express debit or credit cards.