Buying These Cars Makes You Lose Money Faster – TheStreet | CarTailz

Every car buyer has heard the old adage that once a new vehicle drives off the dealership, it loses 50% in value.

That’s far from true, but as with many old saws, there’s a grain of truth in the comment, as new cars depreciate in value once they hit the open road, and that depreciation tends to hit the accelerator harder the longer You own the vehicle.

A good example of this.

Price erosion is the “most expensive” part of owning a car, according to a new report by iSeeCars, especially given the “drastic rise in car prices over the past two years.”

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