depreciation after car is one year old

Asked by JG45 Aug 16, 2018 at 12:01 AM about the 2018 Hyundai Tucson 2.0L Luxury AWD

Question type: Shopping & Pricing

How much does a new car depreciate after car is one year old?

1 Answer

It varies. Per Carfax cars depreciate averaging a decline of 15 to 25 percent per year. On average, a new car will lose 60 percent of its total value over the first five years of its life.

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