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If there's one thing every car does fast, it's lose value. The average new car will lose 65 percent of its value over 5 years of normal driving...
Some vehicles retain their value better than others simply because of supply and demand. There are a host of other factors, however, that also can affect how much you'll get for your used vehicle.
"A highly popular or desirable car with limited availability will depreciate more slowly than a car that is in sufficient supply or less desirable," said Charlie Vogelheim, executive editor of the Kelley Blue Book.
Some of the factors that can hurt a car's resale value are a design that looks dated quickly, high maintenance cost and high availability. Some of the cars that lose value most quickly, according to KBB, are the Pontiac Aztec, Chrysler Sebring sedan and Jaguar X-type... [read more at money.cnn.com]
Some vehicles retain their value better than others simply because of supply and demand. There are a host of other factors, however, that also can affect how much you'll get for your used vehicle.
"A highly popular or desirable car with limited availability will depreciate more slowly than a car that is in sufficient supply or less desirable," said Charlie Vogelheim, executive editor of the Kelley Blue Book.
Some of the factors that can hurt a car's resale value are a design that looks dated quickly, high maintenance cost and high availability. Some of the cars that lose value most quickly, according to KBB, are the Pontiac Aztec, Chrysler Sebring sedan and Jaguar X-type... [read more at money.cnn.com]