A new car loses between 9 and 11% of its value when it leaves the dealer's lot. So when you buy a new $ 34,968 vehicle, you are basically throwing $ 3,147 out of your pocket while driving home for the first time
The value of your car will decrease from 20% to 30% at the end of the first year. From two to six years, depreciation varies from 15% to 18% per year, according to recent Black Book data, which tracks the prices of used cars. As a rule, within five years, cars lose 60% or more of their initial value.