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How much your $ 100K car will be depreciated over time



Discuss whether you want to buy the new Jaguar, Maserati or Porsche?

If you do not intend to keep it for a while, you may want to consider the prices as the value of the more expensive cars will decrease.

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In fact, cars can lose as much as 10 percent of the value during the first month after you take it from the party, according to Carfax.

However, it is worth noting that the luxury branded cars can keep the value better than other models.

Assuming a $ 1

00,000 car is brand new, GOBanking rates calculated how much the vehicle will be depreciated over 30 years.

Here you look at the results:

Year 1

In the first year your car will lose 25 percent of the value, depreciated $ 25,000. This gives the value $ 75,000.

Year 2

The second year running the car, it will be worth $ 66,000, after having written off another 9 percent from its original value.

Year 3

Once you have owned the car for three years, it will lose a total of $ 41,920 in value and bring its value to $ 58,080. Depreciation in the third year will be around 7.9 per cent.

Year 4

The car will write off 8 percent against the original value in the fourth year to $ 49,949. That year alone $ 8,130 will be shaved by the vehicle's value.

Year 5

In year five, the car will write off an additional 7.5 percent against its original value, bringing the value to $ 42,456.

Year 10 [19659002] Year 25

Year: 15

Year: 15

World: $ 12,207

Year 20

Value: $ 7,208

Year 25

Worth : $ 4,256

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After 30 years, the car will have lost 97.5 percent of the value.

To help the vehicle keep its value, Carfax says it helps keep miles around 10,000 a year to prevent excessive wear. Regular maintenance is also important.


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