💰Depreciation is the biggest factor that affects a car's value.
🚗Brands with high lease percentages can have higher depreciation rates.
👍Cars with strong resale values are typically more desirable.
💸Incentives and heavy retail incentives can lower resale values.
🔧Maintenance issues can also contribute to depreciation.
Which car brands have higher depreciation?
—Brands like Chrysler, Jaguar, and Range Rover are known to have higher depreciation rates.
Which car brands have lower depreciation?
—Brands like Kia, Honda, and Hyundai tend to have lower depreciation rates.
What factors contribute to depreciation?
—Factors like high lease percentages, incentives, and maintenance issues can contribute to depreciation.
Are there any exceptions to the depreciation rule?
—While some brands may have good resale values, it's important to consider individual models and market demands.
How can I avoid high depreciation?
—Choosing a car with a strong resale value, avoiding heavy incentives, and maintaining the car well can help reduce depreciation.
00:07Depreciation is the difference between the purchase price and the resale value of a car.
02:39Cars with high lease percentages tend to have higher depreciation rates.
04:36Incentives and heavy retail incentives can lower resale values.
06:56Maintenance issues can also contribute to depreciation.
08:08Brands like Chrysler, Jaguar, and Range Rover have higher depreciation rates.
08:49Brands like Kia, Honda, and Hyundai tend to have lower depreciation rates.
09:54While some brands may have good resale values, it's important to consider individual models and market demands.
10:39Choosing a car with a strong resale value, avoiding heavy incentives, and maintaining the car well can help reduce depreciation.
