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This depends on the make...some manufacturers hold their value more than others. A fact, however, is that a new car suffers its greatest drop in value the minute it's driven off the lot. Why? It's not "new" anymore.
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∙ 16y ago
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Why was the Model T invented?
in which year does a car lose the most of its value \
How much does the Mosssy Nissan depreciate in the first year?
It depends on the condition of the car and how often it has been used and how well it has been taken care of, If it is basically new it shouldnt lose much of it's value
On average how much does a brand new car depreciate as soon as it is driven off the dealership lot?
Many have suggested that once a car has been driven off the dealership's lot, it loses 15-20% of its value. During the second year, it loses another 15-20% of the remaining value. Keep in mind that the car does not lose 15-20% of the total value during the second year, but rather off the remaining value.
How much value does a car loose after the first year?
It varies greatly with the car you purchase. A car such as a Hyundai, or Kia, will loose plenty the first year. A car such as a Honda, or Toyota will loose less. A Lexus will loose even less. Resale value determines how much it will loose. Also a luxury car such as a Cadillac or Lincoln will loose a higher percentage of value than an inexpensive car.
Is it true that a new car loses value the minutes you drive it off the lot?
Yes, a new car immediately loses value as soon you drive it off the showroom floor. In the first year that you own a new car it will lose up to 20 percent of its value, and by the fifth year of ownership, it will be depreciated by over 65 percent. It's a horrible purchase to buy a new car.
How much value does a new car lose as soon as you leave the lot?
if you drive it home, and then went back to the dealership the next day and used it as a trade in you'd lose about 20%.
When I purchase a new car, how much value does it lose off the lot?
The depreciation for a car will grety depend on the type of car it is,as some cars hold value better th others. As a general rue you will loose 10-15% in value once the car has been titled and is thus considered used.
How much does a new car cost compared to a used vehicle of the same model and year?
New cars generally cost about $5000 more than the same car used. This is because new cars lose quite a bit of value after literally driving off the lot.
How does odometer effect resale value?
average miles on a vehicle is 12000 to 15000 a year. so a car three years old would lose value after 45000 miles - would gain value at anything under 36000 miles.
How much is a secondhand Honda Civic worth?
A secondhand Honda Civic varies in value depending on the make and year of the car. You can get more information about the value of this car online at the Kelly Blue Book website.
Can you trade in a car with a higher value than the car you want to purchase?
Sure you can, but odds are that you'll lose significantly on it. The dealer won't be particularly happy to hand out cash, so he'll probably assign something much lower than street value on your trade-in.
Where can I evaluate the value of my car?
http://www.book-value.co.za/ . Fast, quick and easy to find out how much your car is worth. Just put in the make, model, year and condition. The quote value pops right up.
