Car Depreciation Explained: How to Lose Less Money

Age, mileage, condition, brand reputation, reliability, and market demand all affect value. New models and changes in technology also influence resale prices.

Buying a car that is a year or two old lets the first owner absorb the steepest part of the depreciation curve.

Models with strong reliability reputations and high demand often depreciate more slowly. Popular colours and sought-after trims can also help.

A full service history, a clean interior, and well-kept bodywork make a car easier to sell at a good price.

Depreciation slows as cars age. Keeping a reliable car for many years spreads its cost.