How Vehicle Depreciation Works and How It Affects Your Car's Value
How Does Vehicle Depreciation Work?
Vehicle Depreciation of New Cars
Vehicle Depreciation of Used Cars
Vehicle Depreciation of Leased Vehicles
Leasing a vehicle is also an interesting option, as the dealer includes the projected depreciated value in the lease price. It also has a set buyout price at the end of the lease, which means that, should you choose to buy it, you might make a profit by selling it afterward. This may be the case if the buyout price is lower than the vehicle’s present value. Additionally, you can return the car to the dealership a once the lease is up and you will not have to worry about the vehicle’s depreciation rate at all!
Now that you know how vehicle depreciation works, you can better understand why you shouldn’t trade-in your car. As such, if you’re ready to get rid of your vehicle, contact the Don’t Trade It In team.