Savvy shoppers know that vehicle depreciation is a significant factor when they select a car. While new vehicles are seductive, it pays to take the time to look at the long-term value of your next vehicle.
More Bang for Your Buck
Today, Ben Franklin would agree that death and taxes and vehicle depreciation are primary constants in life. While it’s fun to admire new models, but you may think twice about purchasing one after you factor in vehicle depreciation. Trendy, shiny and new can be breathtaking, but your best value may always be in the pre-owned.
What is Deprecation?
In its purest form, depreciation calculates the age and wear on a car to determine its current value. When you buy a new, flashy car, your model will decrease by 10% within the first month of ownership. And by the...
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