The Normal Car Market Place Tells Us That a Vehicle Losses 20 % of Its Value Every Year

The normal car market place tells us that a vehicle loses 20 % of its value in the first year, and 15% of its value every year thereafter. So let's use some numbers again. New vehicle, 50 thousand dollars. End of year one, the vehicle is worth forty thousand dollars. At the end of year two, the Vehicle is worth 34 thousand dollars. En of year three, theVehicle will be worth 28 thousand 900. And of year four, the vehicle will be worth 24 thousand 500. An d 65 dollars, basically half. This is why buying new cars is really best reserved for those who have enough income and enough money that they can easily and comfortably lose this money