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How much does a car depreciate a year?

Alexander Wright | 2023-06-06 05:43:57 | page views：1615
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Daniel Kim

Studied at the National University of Singapore, Lives in Singapore.
Fortunately, depreciation does not continue at this rate, but it is still faster for new cars than for old ones. On average, a new car will lose as much as 19 percent of its value in its first year of ownership. That means that your $20,000 new car will be worth about $16,200 after just one year.Feb 14, 2014
2023-06-16 05:43:57
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Felix Turner

QuesHub.com delivers expert answers and knowledge to you.
Fortunately, depreciation does not continue at this rate, but it is still faster for new cars than for old ones. On average, a new car will lose as much as 19 percent of its value in its first year of ownership. That means that your $20,000 new car will be worth about $16,200 after just one year.Feb 14, 2014
Car Depreciation: How Much Have You Lost? | Trusted Choice
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