Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 LINCOLN MKT's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2016 LINCOLN MKT in 2016 was $52,520.
The average price for used 2016 LINCOLN MKT nowadays in 2024 is $14,794 which is 28% from the original price.
Estimated mileage driven per year is 14,699 miles.
The graph below is a depreciation curve for 2016 LINCOLN MKT. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2016 LINCOLN MKT in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $52,520 | — | — | 100% | 0% |
| 2021 | 88,194 mi | $23,950 | +$0 | +0% | 45.6% | 54.4% |
| 2022 | 102,893 mi | $21,296 | +$2,654 | +11.08% | 40.55% | 59.45% |
| 2023 | 117,592 mi | $18,988 | +$2,308 | +10.84% | 36.15% | 63.85% |
| 2024 | 132,291 mi | $14,794 | +$4,194 | +22.09% | 28.17% | 71.83% |
| 2025 | 146,990 mi | $13,748 | +$1,046 | +7.07% | 26.18% | 73.82% |
| 2026 | 161,689 mi | $12,471 | +$1,277 | +9.29% | 23.75% | 76.25% |
| 2027 | 176,388 mi | $11,989 | +$482 | +3.86% | 22.83% | 77.17% |
| 2028 | 191,087 mi | $8,000 | +$3,989 | +33.27% | 15.23% | 84.77% |
| 2029 | 205,786 mi | $8,654 | −$654 | −8.18% | 16.48% | 83.52% |
| 2030 | 220,485 mi | $8,314 | +$340 | +3.93% | 15.83% | 84.17% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the LINCOLN MKT’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2016 LINCOLN MKT. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 LINCOLN MKT by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 10,000 mi | $28,210 | 44 sales |
| 15,000 mi | $26,610 | 25 sales |
| 20,000 mi | $30,240 | 140 sales |
| 25,000 mi | $25,600 | 255 sales |
| 30,000 mi | $25,200 | 351 sales |
| 35,000 mi | $24,991 | 128 sales |
| 40,000 mi | $24,960 | 201 sales |
| 45,000 mi | $24,700 | 223 sales |
| 50,000 mi | $22,900 | 276 sales |
| 55,000 mi | $23,990 | 124 sales |
| 60,000 mi | $21,990 | 108 sales |
| 65,000 mi | $20,982 | 62 sales |
| 70,000 mi | $16,990 | 163 sales |
| 75,000 mi | $19,820 | 35 sales |
| 80,000 mi | $18,012 | 29 sales |
| 85,000 mi | $16,990 | 32 sales |
| 90,000 mi | $14,498 | 76 sales |
| 95,000 mi | $20,590 | 67 sales |
| 100,000 mi | $19,788 | 59 sales |
| 105,000 mi | $16,590 | 50 sales |
| 110,000 mi | $15,987 | 13 sales |
| 115,000 mi | $12,979 | 13 sales |
| 120,000 mi | $13,155 | 13 sales |
| 130,000 mi | $11,995 | 15 sales |
| 140,000 mi | $10,489 | 12 sales |
| 145,000 mi | $11,000 | 11 sales |
Frequently asked questions
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Other years of LINCOLN MKT
2011 LINCOLN MKT
$8,654 average used price
1,200+ sales records
2013 LINCOLN MKT
$11,989 average used price
2,800+ sales records
2014 LINCOLN MKT
$12,471 average used price
3,200+ sales records
2015 LINCOLN MKT
$13,748 average used price
2,800+ sales records
2017 LINCOLN MKT
$18,988 average used price
2,100+ sales records
2019 LINCOLN MKT
$23,950 average used price
6,900+ sales records
Similar Models
2013 LINCOLN MKX
$48,930 MSRP
$12,250 average used price
20,500+ sales records
2015 LINCOLN MKS
$48,175 MSRP
$13,350 average used price
6,500+ sales records
2015 LINCOLN NAVIGATOR
$87,480 MSRP
$18,000 average used price
12,500+ sales records
2015 LINCOLN MKC
$42,505 MSRP
$14,995 average used price
25,000+ sales records
2016 LINCOLN NAVIGATOR
$87,480 MSRP
$20,109 average used price
8,200+ sales records
2016 LINCOLN MKS
$48,175 MSRP
$14,985 average used price
2,700+ sales records
