It's a sinking feeling many new car buyers are well aware of, the knowledge that your brand-new car just lost a bunch of money, just because you drove it off the lot. According to iSeeCars.com, the average vehicle loses about 35 percent of its value after three years of ownership. Some models, though, depreciate at a far faster rate. While that's bad news for owners who paid full asking price for a brand-new car, it does mean deals can be found on the second-hand market. According to iSeeCars CEO Phong Ly, ?Consumers who take advantage of these best bargains can purchase a three-year-old car for half the price of what it would cost to buy the same car new.? Find out which models depreciate fastest by clicking on the image above. Last updated July 2018
07-12-2018, 04:13 PM
Cars that depreciate the fastest
It's a sinking feeling many new car buyers are well aware of, the knowledge that your brand-new car just lost a bunch of money, just because you drove it off the lot. According to iSeeCars.com, the average vehicle loses about 35 percent of its value after three years of ownership. Some models, though, depreciate at a far faster rate. While that's bad news for owners who paid full asking price for a brand-new car, it does mean deals can be found on the second-hand market. According to iSeeCars CEO Phong Ly, ?Consumers who take advantage of these best bargains can purchase a three-year-old car for half the price of what it would cost to buy the same car new.? Find out which models depreciate fastest by clicking on the image above. Last updated July 2018
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