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How much as a percent does the average car depreciates in value per year?
June 07, 2007 5:46PM
There is no set depreciation percentage. As you know, certain
vehicles retain their value better than others. Supply and demand
controls this. Hondas are a big ticket. Very popular, great running
cars, economical, etc. Then there's, say, a Cavalier. They break
down all the time, don't run well, their not comfortable, etc. The
01' Cavalier had a trade in value of about $1200 by the following
year. An 01' Honda is still worth about $10000 today.