{"id":1102,"date":"2021-06-09T13:07:00","date_gmt":"2021-06-09T13:07:00","guid":{"rendered":"http:\/\/tt-blogs.dealerfire.com\/carizmalubbock\/?p=1102"},"modified":"2024-02-13T14:09:04","modified_gmt":"2024-02-13T14:09:04","slug":"what-affects-a-vehicles-depreciation","status":"publish","type":"post","link":"https:\/\/www.carizmalubbock.com\/blog\/what-affects-a-vehicles-depreciation\/","title":{"rendered":"Your car is going to lose some value, but you can also slow depreciation"},"content":{"rendered":"

What affects a vehicle\u2019s depreciation?<\/span> <\/span><\/h2>\n

There are a lot of great things about owning a car<\/a>, truck, SUV, or any vehicle. However, one thing that affects almost anything with an engine and wheels is depreciation and it\u2019s almost completely unavoidable. So, what affects a vehicle\u2019s depreciation? While all vehicles lose value over time, some makes and models will lose value faster than others. It may or may not surprise you that there is quite a bit of confusion and myths surrounding the depreciation of an automobile and the finance team at Carizma Motors thought it would be helpful to share a bit of their knowledge on the subject. Let\u2019s see what they put together.<\/span> <\/span><\/p>\n

READ MORE: Still looking for Father’s Day gift ideas?<\/a><\/span><\/strong> <\/span><\/p>\n\n\n

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View the Carizma Motors inventory<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Contact a Carizma Motors Product Expert <\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

When does a vehicle lose the most value? <\/h3>\n\n\n\n

According to industry experts, a newly purchased and titled vehicle will lose approximately 20 percent of its value in the first year. The next four years will bring an average of 15 percent more depreciations. Finally, at the end of a five-year term, a new vehicle \u2013 on average \u2013 will be worth around 40 percent of the original purchase price. <\/p>\n\n\n\n

Depreciation is an unfortunate reality in the world of buying and selling automobiles. The good news for vehicle owners is that depreciation will largely level out after this amount of time, however, there are still a few factors that can hurt a vehicle\u2019s resale or trade-in value.  <\/p>\n\n\n\n

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