How much do new cars depreciate when they are driven off the lot?

Question

How much do new cars depreciate when they are driven off the lot?

Answer 1

Depends on the car.  20-30% usually.

Answer 2

Well My brother had bought a Brand new Truck, with all the bells and whistles on it!!! only like less than 2 miles on it!!! He paid just about 45,000 for the thing .... and for the heck of it we drove to the next town ( bigger mind you) and he said that he wanted to trade it in!!! and they only offered him 32,500 for it..... But the same truck he had was sitting on there lot for $48,500!!!  Now whats up with that!!!!!  This was like Nine months ago!!! Now with gas the way it is Im sure its even worth less yet.... Thats why I will NEVER EVER buy a NEW car or truck..... as soon as you sign the papers it is now a used vehicle!!!!!!!!!

Answer 3

Actually, $2 to $3 grand, depending on sales price.  No where near half, although it can seem like that.  Of course no one buys a new car intending to turn around and sell it.

A new car can depreciate 20 percent or more the moment you drive it off the lot. Let’s say you buy a new car for $10,000 (a cheap car these days), and change your mind a few weeks later. The dealer might give you $8,000 for it. It’s hardly used. You haven’t even put your gym clothes in it. Doesn’t matter. It’s a used car. You lose two grand. And the descent continues. Your car is depreciating the whole time you’re pouring money into it. The car payments are based on the new price, not what it’s worth at the moment. Depending on your interest rate, down payment, and the market value of the car, you’ll spend the first few years owing more money than the car is worth. Two years from now, you’re driving a used car, and paying for it like it’s still new. Why not start with a used car to begin with?

Answer 4

It totally depends on the car, also your location. In the UK the average car will depreciate by 50% over 3 years after purchase from new. Based on that maths a 2nd owner would be looking at 16% reduction in price in year one. Again it depends on condition, model etc.

If your buying new most garages have pre registered cars in stock, so you could always make the saving by buying a pre registered vehicle.

Answer 5

Well it depends, Do you want the value of the car if it was to be sold again? Or if it was going to be traded in. Because you get less for it being traded in, than if you were goin to sell it private or a dealer sell it again.

Normally and dont freak out... if its brandnew, and you drive off with it, its going to drop 5 to 8 thousand dollars as trade in. resale value will be about 4 to 5 thousand.

Thats if you drove it off the lot.

If you put anymiles on it. Its  goes down faster, eventually it will level out to a used car price.

Hope this helps and wasn't confusing.

Answer 6

By about  40% atleast. They lose most of their value no matter what the milage is.

Answer 7

It really depends of the type of car.  As a rule of thumb, GM cars depreciate about 7,000.  Japanese 3,000.  European foreign 2,000.  Again, this is just an estimate.

Answer 8

depends on the car.

if its a Lexus 30% and up

if it's a Mini Cooper or a Corvette not that much.

the avg. is 20% or more in the  first year.

In year two, expect a loss of around 15%. Year three: roughly 13%. Year four: about 12%. If you buy a $20,000 car, it may be worth just $8,500 in only five years

Answer 9

approximately $2000.00

Answer 10

almost half!!

Answer 11

HELLA, unless they're really dependable. It also depends on the options you get. It also depends on the color. If you get a Ford edge, the value goes down a lot if you get orange, It's a fact that   an orange cars' value falls like a stone. Also, navigation systems run down value, as they can be old and inaccurate.