Curious about depreciation rates: How much value does a car

[Annejohn]

Hey everyone,

I've been doing some research on car depreciation lately, and I'm curious to hear about your experiences and insights. Specifically, I'm wondering about the average rate at which cars lose their value of my car.

We all know that the moment you drive a new car off the lot, it starts to depreciate, but how steep is this decline in value over time? Are there any general rules of thumb or industry standards that dictate how much a car typically loses in value annually?

I'm particularly interested in understanding how factors like make, model, mileage, and condition play into this equation. Do certain types of cars tend to retain their value better than others? And what impact does regular maintenance and care have on depreciation rates?

If you've bought or sold a car recently, I'd love to hear about your experiences. Did you notice any significant fluctuations in value over the years? And for those who are knowledgeable about car economics, are there any strategies for mitigating depreciation that you'd recommend?

Let's pool our knowledge and insights to gain a better understanding of this important aspect of car ownership. Thanks in advance for sharing your thoughts!

Looking forward to hearing from you all.

Best regards,
Annejohn