Car Depreciation: What Every Car Owner Should Know

[PamelaLewis]

Car depreciation refers to the loss of a vehicle's value over time due to factors like age, mileage, wear and tear, and market demand. This process typically starts the moment a car is driven off the lot, with the largest drop in value occurring within the first few years. Understanding car depreciation is essential for budgeting, selling, or trading in your vehicle, and can help you make more informed decisions about your car ownership.
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