Sep 17, 2020
Used cars depreciate a lot more gradually than new cars. Generally speaking, cars depreciate at a rate of 60% of their initial value five years after purchase and the bulk of this depreciation happens by the end of the first year. However, it’s important to remember that different vehicles will lose value at varying rates. If you’re interested in the resale value down the road, doing a bit of research on the depreciation curve of the vehicle you’re interested in is a great place to start.
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