Car Depreciation: What It Is, How It Works, and How to Minimize Its Impact

[PamelaLewis]

Car depreciation is the gradual loss of a vehicle’s value over time, and it’s one of the most significant yet often overlooked costs of car ownership. From the moment you drive a new car off the lot, its value starts to decline—sometimes by as much as 20% in the first year alone. This in-depth guide explores the factors that influence depreciation, including make and model, mileage, condition, and market demand. We’ll also break down the typical depreciation curve, how it affects resale and trade-in values, and why certain vehicles retain value better than others. Whether you're buying new, used, or looking to sell, understanding depreciation can help you make smarter financial decisions, save money in the long run, and even choose a car that holds its value longer.
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