Car Depreciation: Understanding the Decline in Your Car’s Value

Car depreciation is the decrease in a vehicle’s value over time. From the moment you drive a new car off the lot, it starts to lose value. This decline happens due to a combination of factors, including age, mileage, market demand, and overall condition. Understanding depreciation helps car owners make informed decisions about when to buy, sell, or trade in their vehicles.

Car Depreciation: Understanding the Decline in Your Car’s Value