Depreciation
The depreciation graph and accompanying table on our page detail how the 2002 VOLKSWAGEN PASSAT'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) 2002 VOLKSWAGEN PASSAT in 2002 was $27,425.
The average price for used 2002 VOLKSWAGEN PASSAT nowadays in 2024 is $3,998 which is 15% from the original price.
Estimated mileage driven per year is 10,812 miles.
The graph below is a depreciation curve for 2002 VOLKSWAGEN PASSAT. 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 2002 VOLKSWAGEN PASSAT 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 | ||
|---|---|---|---|---|---|---|
| 2002 MSRP | 0 mi | $27,425 | — | — | 100% | 0% |
| 2004 | 32,436 mi | $20,998 | +$0 | +0% | 76.57% | 23.43% |
| 2005 | 43,248 mi | $18,988 | +$2,010 | +9.57% | 69.24% | 30.76% |
| 2006 | 54,060 mi | $19,336 | −$348 | −1.83% | 70.51% | 29.49% |
| 2007 | 64,872 mi | $16,950 | +$2,386 | +12.34% | 61.8% | 38.2% |
| 2008 | 75,684 mi | $16,395 | +$555 | +3.27% | 59.78% | 40.22% |
| 2009 | 86,496 mi | $14,044 | +$2,351 | +14.34% | 51.21% | 48.79% |
| 2010 | 97,308 mi | $11,995 | +$2,049 | +14.59% | 43.74% | 56.26% |
| 2011 | 108,120 mi | $10,498 | +$1,497 | +12.48% | 38.28% | 61.72% |
| 2012 | 118,932 mi | $9,995 | +$503 | +4.79% | 36.44% | 63.56% |
| 2013 | 129,744 mi | $9,000 | +$995 | +9.95% | 32.82% | 67.18% |
| 2014 | 140,556 mi | $7,995 | +$1,005 | +11.17% | 29.15% | 70.85% |
| 2016 | 162,180 mi | $7,900 | +$0 | +0% | 28.81% | 71.19% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLKSWAGEN PASSAT’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 2002 VOLKSWAGEN PASSAT. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2002 VOLKSWAGEN PASSAT by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 60,000 mi | $5,995 | 11 sales |
| 65,000 mi | $4,495 | 18 sales |
| 70,000 mi | $5,450 | 14 sales |
| 75,000 mi | $5,995 | 37 sales |
| 80,000 mi | $4,650 | 30 sales |
| 85,000 mi | $4,993 | 34 sales |
| 90,000 mi | $4,553 | 33 sales |
| 95,000 mi | $3,995 | 25 sales |
| 100,000 mi | $4,590 | 35 sales |
| 105,000 mi | $3,991 | 51 sales |
| 110,000 mi | $4,490 | 42 sales |
| 115,000 mi | $3,997 | 54 sales |
| 120,000 mi | $3,693 | 42 sales |
| 125,000 mi | $3,997 | 54 sales |
| 130,000 mi | $3,999 | 49 sales |
| 135,000 mi | $3,696 | 45 sales |
| 140,000 mi | $3,200 | 37 sales |
| 145,000 mi | $3,800 | 57 sales |
| 150,000 mi | $3,500 | 40 sales |
| 155,000 mi | $3,000 | 41 sales |
| 160,000 mi | $2,997 | 44 sales |
| 165,000 mi | $3,899 | 25 sales |
| 170,000 mi | $2,996 | 41 sales |
| 175,000 mi | $2,999 | 33 sales |
| 180,000 mi | $2,988 | 44 sales |
| 185,000 mi | $2,400 | 11 sales |
| 190,000 mi | $2,472 | 26 sales |
| 195,000 mi | $2,991 | 11 sales |
| 200,000 mi | $3,492 | 14 sales |
| 210,000 mi | $2,648 | 15 sales |
| 220,000 mi | $2,133 | 17 sales |
Frequently asked questions
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.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Depreciation directly affects the resale value of a 2002 VOLKSWAGEN PASSAT, with faster depreciating vehicles typically having lower resale values over time.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Other years of VOLKSWAGEN PASSAT
2003 VOLKSWAGEN PASSAT
$4,945 average used price
2,800+ sales records
2014 VOLKSWAGEN PASSAT
$9,995 average used price
91,600+ sales records
2016 VOLKSWAGEN PASSAT
$11,995 average used price
42,200+ sales records
2019 VOLKSWAGEN PASSAT
$16,950 average used price
19,300+ sales records
2020 VOLKSWAGEN PASSAT
$19,336 average used price
31,100+ sales records
2022 VOLKSWAGEN PASSAT
$20,998 average used price
6,500+ sales records
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