How much value does new car lose in 1 year?

The value of a new car typically depreciates by around 20% in the first year. However, this number can vary depending on the make and model of the car, as well as the overall market conditions. For example, luxury cars tend to depreciate more quickly than economy cars, and cars that are in high demand may hold their value better than those that are not.

In addition to the initial depreciation, a car will also lose value over time due to wear and tear, as well as changes in technology. As a result, the average car will lose around 50% of its value after five years and around 75% of its value after ten years.

Here are some tips for minimizing the depreciation of your car:

* Buy a car that is expected to hold its value well.

* Keep your car in good condition by servicing it regularly and making necessary repairs.

* Avoid putting too many miles on your car.

* Sell your car before it starts to show significant signs of wear and tear.

By following these tips, you can help to minimize the depreciation of your car and get the most value for it when you eventually sell it.