It's the age-old question for car owners: maximize a car's trade-in value and replace it early or drive it long term and wait until you get that last mile before trading it for a new vehicle. So when ...
New cars can lose over 20% of their original value in just a year due to depreciation. Five years into ownership, a new car can lose 60% of its original value. Well-maintained vehicles have the best ...
Buying a new car can turn into a financial headache. Between higher car prices, increased interest rates on auto financing options, and the jump in car insurance rates (which is even worse in certain ...
Whether upgrading to a newer model or downsizing your fleet, knowing the true value of your car is important information for maximizing its resale potential. This figure is useful when choosing an ...
The harsh nature of car buying can be described in one word — depreciation. Depreciation is a scary term used to describe your car losing its value over time due to wear and tear. The car experts at ...
Automotive research company iSeeCars conducted a study revealing the best and worst car colors for depreciation. While some colors have above-average depreciation rates, there are still plenty of ...
Not too long ago, I sold my home. There were a lot of reasons, but the main one was that the market had taken an upswing, and my home was worth a lot more than it ever had been before. The whole ...
Being upside-down is generally never a good thing. In the case of a car loan, it means you owe more than the value of your ride. This situation isn't unusual if you financed with a high-interest loan.
New cars can lose over 20% of their original value in just a year due to depreciation. Five years into ownership, a new car can lose 60% of its original value. Well-maintained vehicles have the best ...
Several factors affect your car’s value, including its condition, history and market demand. Let’s look at these factors and why they matter to prospective buyers. A vehicle that has never been in an ...