New Car Depreciation Infographic

If you thought about buying a new car, you should take in mind that the vehicle will lose its value when you drive off the lot. Although there are other factors when buying a new car, car depreciation is one major factor that you will have to deal with.

There are the good news as well as bad news about car depreciation. The good news is that if you decide to drive your car for many many years, depreciation will have no effect on you. Although, the bad news is that if you decide to trade it in later, depreciation will have an effect on the price. Today, I was wondering why cars depreciate, so I decided to Google my question, where I came upon a really useful and interactive infographic by car website Edmunds.

Source: How Fast Does A New Car Lose Value

As you can see, depreciation sets in as soon as you start driving your new vehicle. As wear and tear increases as well as the cars age and mileage, the car depreciates even further.

Quick post though, since this week is going to be busy. I hope you learned something from this infographic, and if you knew about this already, why not review it again? Opinions?

[Edmunds]