Depreciation Rate (3/9)

The value of all cars, both new and used, will depreciate over time – there is just no way around it. Vehicles tend to lose their value month upon month with new cars experiencing a sharp drop the minute it leaves the lot. On the other hand, the value of pre-owned models does not experience such a sudden decrease – it will gradually depreciate.

Contributors: Cody Green from USA Drives

Written by Ben Skute

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