A New Car Loses Its Greatest Value in Year One

Posted by CapWay in AssetsOctober 17, 2021(Last Updated July 22, 2022)1 min read
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Money Fact or Hack


A new car loses its greatest value during the first year of ownership.


What else you should know


  • Your new car could be worth up to 11% less the moment you drive it off the lot.


  • By the end of the first year, your new car could depreciate up to 20% or 30%. 


  • An example of how new car depreciation works. If you purchased a brand new car for $25,000, it is will be worth an estimated $22,250 (11%) by the end of the first month, and worth roughly $20,000 (20%) by the end of 12 months. 


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