The vehicle depreciation appraisal process works by analyzing different factors that influence how quickly a vehicle loses its value. Appraisers or industry tools take into account the make and model, age, mileage, accident history, condition, and even market demand for that particular vehicle. For instance, luxury vehicles often depreciate faster than mid-range cars because they come with higher initial costs and more expensive maintenance. On the other hand, vehicles that are fuel-efficient and reliable may retain value better, leading to a more favorable vehicle depreciation appraisal. This appraisal does not simply rely on guesswork—it combines market research, industry data, and current vehicle condition to create an accurate picture of the car’s real worth compared to its original purchase price.