Car Depreciation: What Factors Affect Car Values?

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For the Highest Resale Values, Heed This Advice

The moment you drive your new wheels out of the dealership, your vehicle is worth around ten percent less than you just paid for it, and it continues to depreciate every day.

Some models depreciate more, others less, but the general rule is that a new car depreciates between 15 percent and 25 percent each year in the first five years. After that, a vehicle is worth – maybe – one-third of its purchase price, which may be less than all the money you paid into it for maintenance and repairs.

So what are the factors that affect vehicle depreciation? Read on to find out.

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