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Everything You Need to Know About Avoiding Car Depreciation

One thing you need to understand before moving forward with your car purchase plan is that cars depreciate. Depreciation is a method used to calculate the cost of a physical asset over its useful life. Cars typically depreciate in value after use and are sold for less than their original purchase price.

Falling prices can lead to unexpected losses, and it’s normal to feel wrong about any financial move. In order to avoid losses, it is recommended to consider depreciation before consulting a car dealer. Better yet, consider some practical ways to avoid car depreciation altogether.