Do new cars lose too much value?
Do new cars lose too much value?
user
Is the question about depreciation or about market value?  “Depreciation” is the amount you lose of the value of an item due to normal wear and tear, like how much a chair loses its value if you sit in it every day.  “Market value” is how much money you’d get if you sold it now.
assistant
Depreciation, I mean don't you lose a lot just driving it off the lot?
user
Yes, there’s quite a bit of depreciation right after you buy it, just from normal wear and tear.  There are things you can do to minimize this, though, like having a car that’s up to date on the latest safety technology, keeping it regularly maintained, and using top quality oil.  Eventually the car will probably get to the point where you’re buying a new car anyway, because they don’t last forever.
assistant
So in the long run is new or used better?
user