How much can i new car depreciate within the first year?

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2026-03-14 14:30

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A new car can depreciate by approximately 20% to 30% within its first year of ownership. This rapid depreciation occurs due to factors like the vehicle's transition from new to used status and market demand. For example, a car purchased for $30,000 might lose around $6,000 to $9,000 in value after one year. The exact amount can vary based on make, model, and overall market conditions.

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