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What Car Depreciation Means For You [INFOGRAPHIC]

Last updated 10 months ago

The car-buying process can be overwhelming at times. There are many decisions to make and so many factors to consider that it’s easy to get bogged down in the details. One of the biggest factors to consider when you’re buying a new or used car is how much you can afford to spend—and how much you’re willing to lose. The average new car depreciates 11% as soon as you drive it off the dealership’s lot! That’s 11% of the total cost that you’ll never get back. After five years, the average car is worth just 37% of its initial price. Is that loss worth it to you? Check out this infographic from a pre-owned car dealership to see why buying a used car could be a better financial move for you. When you explore pre-owned car sales, you can get a quality vehicle while saving yourself money and hassle. Please share this valuable info with your friends and family!

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