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How much do cars depreciate by each year?
How much depreciation is lost each month on a car?
Asked on 20 November 2024 by Smith
Answered by
David Ross
The rate of depreciation not only depends on the age of the vehicle but also the make, model and specification. As a general rule, cars lose around 50% of their value in the first three years from new and over a period of 10 years or more from new the annual rate would be around 10-15%, but this varies not only due to the factors we mentioned but also the condition and service history of the vehicle.
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