You do not need an insurance guy to tell you that. It is on average 10 per cent of the purchase price. Starting from that reference point, it can depreciate further if the mileage is high or the car had an accident. For example, you buy a car for 100k, the second year its value will be 90k in the first month and will depreciate towards 80k towards the end of the second year. If you had accidents and/or a high mileage (for example above 30k km in the first year) then you should expect a further depreciation of 5 to 10k depending on your negotiation skills and your situation (leaving urgently or just planning to change your car). This is more or less how insurance people do the math and it applies to every car model and brand except collection or sport cars.
You do not need an insurance guy to tell you that. It is on average 10 per cent of the purchase price. Starting from that reference point, it can depreciate further if the mileage is high or the car had an accident. For example, you buy a car for 100k, the second year its value will be 90k in the first month and will depreciate towards 80k towards the end of the second year. If you had accidents and/or a high mileage (for example above 30k km in the first year) then you should expect a further depreciation of 5 to 10k depending on your negotiation skills and your situation (leaving urgently or just planning to change your car). This is more or less how insurance people do the math and it applies to every car model and brand except collection or sport cars.