Vehicle Depreciation Rates Matter
When shopping for a vehicle, take several factors into consideration. If you know you’ll only have it a few years, the vehicle depreciation rate matters.
When you lease, the payments you make are applied to the anticipated depreciation of the vehicle, meaning a higher depreciation rate will cause you to have higher payments. The same is true if you’re going to trade in the vehicle after only three years of driving. Here are the vehicles that have the highest depreciation rate for the first three years which should be a factor for you to consider when you’re ready to drive.
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