What is the car depreciation rate?

[Wyatt]

Car depreciation rates are typically 11% for the first 3 years, 10% from the 4th year onwards, and 9% for the subsequent 3 years. Here is a detailed introduction to car depreciation rates: 1. Regulations: The first 3 years at 11%, from the 4th year onwards at 10%, and the subsequent 3 years at 9%. For the first 3 years, the annual depreciation rate is 11%, totaling 33% over 3 years. From the 4th year, the annual depreciation rate is 10%, totaling 40%. For the subsequent 3 years, the annual depreciation rate is 9%, totaling 27%. According to tax regulations, passenger cars have a depreciation period of 5 years with a residual value rate of 5%. 2. Effect: The higher the depreciation rate, the worse the vehicle's condition and the lower its residual value.