Understanding depreciation… And how to minimize it
Edmunds reports that new cars can lose up to 40% of their value in the first two years alone.
Depreciation is driven by several factors, all of which change frequently:
• The vehicle’s new car price
• Popularity vs. supply of the vehicle
• Frequent changes in body style
• Technology which rapidly depreciates
At driversselect, we’re constantly monitoring these factors and acquiring 1-2 year old vehicles just after they’ve taken their biggest depreciation hit – which allows us to pass these savings along to you.
How much do new cars depreciate in value?