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Getting to Grips with Car Depreciation

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CarBuzz
Getting to Grips with Car Depreciation

What is the value of my car? Or rather, how much is my car worth? It's a question that all of us ask when it's time to trade-in, sell, or upgrade to a newer model. Quite simply, depreciation is the difference in the value of a vehicle when it was purchased relative to what it would be worth at present. Besides some rare exotics, the vast majority of models will depreciate over time as mileage increases and wear and tear takes its toll.

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