7 Heavily Depreciated Luxury
7 Heavily Depreciated Luxury
Cars Under 15 Years Old
Depreciation is essentially a way to understand how much of a vehicle’s value is “used up” over time.
You’ve probably heard most new cars lose value the second they drive off the lot — this is depreciation at work. Beyond the initial hit, your car’s value continues to drop anywhere from 6- to 20% each year due to age, mileage, wear and tear, etc. The good news is that eventually, it more or less stops.
Once a car hits a certain age, depreciation starts to plateau. A fully depreciated car holds its value steadily (or even starts to increase) over time. After this point, mileage and condition are what mainly influence its current market price.