Car Depreciation: What is a new car worth in five years?
As everyone must know, the second you drive a new car off a dealer’s lot, it loses value. Not all cars depreciate at the same rate. There are a variety of tools to help you compare the depreciation for specific cars you’re thinking about buying.
a new car loses 11% of it’s value the second you drive off a dealer’s lot.
A new car will depreciate 15%-25% per year during the first 5 years.
After five years the used car, that was once new, is worth 37% of what you paid for it at the dealership
Usedcarswinnipeg.com – here to help put you into a respectable, affordable used car!