It is laughable that people think
any new car
holds its value.
The typical new car loses around 65% of its initial value in the first five years.
SOURCE
Even those vehicles that hold their value the best still lose about 50% of their value.
SOURCE
Depreciation is the single greatest expense in vehicle ownership and the biggest hits come in the first few years. Opt for a 2-4 year old vehicle and you'll instantly save thousands while still gaining many of the benefits of newer car ownership.
An additional benefit - you also get an opportunity to learn about any early issues or even recalls a vehicle may experience if you wait a few years to buy.