Investing your hard-earned income and not getting enough returns totally comes as a waste of money. Acquiring car ownership is expensive but at the same time considering what returns it will give in the future plays an important role.
The most important factor that affects resale value most is car depreciation. There are a number of aspects that affect the value which include maintenance, condition, etc.
The average new car depreciation is higher in comparison with the old car. Nearly most of the vehicles lose 10% of their value after driving off the lot and two-third of their value in the first five years.
The major market share is dominated by trucks and SUVs. The depreciation incurred on vehicles lower down its price from 50-55 percent which shows investing smartly can save you dollars or also saves you from running and chasing discounts and offers.