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How much value does a new car lose as soon you leave the lot?

On average, a new car loses about 10% of its value as soon as it is driven off the lot. This initial depreciation is due to several factors, including:

- The dealer's markup: Dealerships typically mark up the price of new cars by 10% to 20%, so there is already a built-in depreciation before you even buy the vehicle.

- Transportation costs: The cost of transporting the car from the factory to the dealer also adds to the price of the vehicle, and this cost is not recouped when you buy it.

- Market conditions: The overall demand for cars can also affect their resale value. If there is a high demand for vehicles, prices will be higher and depreciation will be less. However, if there is a low demand, prices will be lower and depreciation will be more.

- Other factors: Other factors that can affect a new car's resale value include the make and model of the car, its fuel efficiency, its mileage, and its condition.

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