{
  "id": "v20-uk-depreciation",
  "version": "20.16.0",
  "name": "Vehicle Depreciation Scenario Calculator — United Kingdom",
  "shortName": "Vehicle Depreciation Scenario",
  "description": "Explore an explicitly chosen declining-balance vehicle-value scenario, without pretending it is a market valuation or tax depreciation schedule. GBP planning view; stated limitations apply.",
  "category": "Vehicles & Travel",
  "categorySlug": "vehicles-travel",
  "keywords": [
    "depreciation",
    "uk",
    "vehicle-energy",
    "consumer-finance",
    "vehicle-rating"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-uk-depreciation.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.16.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.",
  "urls": {
    "page": "/uk/depreciation/",
    "definition": "/uk/depreciation/definition.json",
    "schema": "/uk/depreciation/schema.json",
    "llms": "/uk/depreciation/llms.txt",
    "legacyDefinition": "/uk/depreciation/definition.json"
  },
  "queryExample": "https://askcalculators.com/uk/depreciation/?purchasePrice=30000&decline=15&residualFloor=0&years=5",
  "queryParameters": {
    "purchasePrice": {
      "label": "Starting vehicle value",
      "type": "money",
      "required": true,
      "default": 30000
    },
    "decline": {
      "label": "Assumed annual declining-balance depreciation",
      "type": "percent",
      "required": true,
      "default": 15
    },
    "residualFloor": {
      "label": "Specified residual-value floor",
      "type": "money",
      "required": true,
      "default": 0
    },
    "years": {
      "label": "Elapsed years",
      "type": "number",
      "required": true,
      "default": 5
    }
  },
  "inputs": [
    {
      "id": "purchasePrice",
      "label": "Starting vehicle value",
      "type": "money",
      "defaultValue": 30000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "decline",
      "label": "Assumed annual declining-balance depreciation",
      "type": "percent",
      "defaultValue": 15,
      "required": true,
      "min": 0,
      "max": 100,
      "step": 0.1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "residualFloor",
      "label": "Specified residual-value floor",
      "type": "money",
      "defaultValue": 0,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "GBP",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "years",
      "label": "Elapsed years",
      "type": "number",
      "defaultValue": 5,
      "required": true,
      "min": 0,
      "max": 50,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "resaleValue",
      "label": "Scenario value at selected age",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "GBP"
    },
    {
      "id": "valueLost",
      "label": "Value lost over selected period",
      "format": "currency",
      "digits": 2,
      "currency": "GBP"
    },
    {
      "id": "retainedPercent",
      "label": "Percentage of starting value retained",
      "format": "number",
      "digits": 2
    }
  ],
  "formula": {
    "expression": "value after n years = maximum(residual floor, starting value × (1 − annual decline)^n).",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "metric",
        "purchasePrice": 30000,
        "decline": 15,
        "residualFloor": 0,
        "years": 5
      }
    }
  ],
  "sources": [
    {
      "label": "DOE energy-use arithmetic",
      "url": "https://www.energy.gov/energysaver/save-electricity-and-fuel/appliances-and-electronics/estimating-appliance-and-home"
    },
    {
      "label": "NIST unit conversion guidance",
      "url": "https://www.nist.gov/pml/special-publication-811"
    },
    {
      "label": "CFPB loan-estimate explanation",
      "url": "https://www.consumerfinance.gov/owning-a-home/loan-estimate/"
    }
  ],
  "publicSlug": "depreciation",
  "namespace": "uk",
  "countries": [
    "us",
    "ca",
    "uk",
    "ie"
  ]
}