Why do cars depreciate once you drive it off the lot?

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Why isn’t it treated similarly to a house?

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Anonymous 0 Comments

Because it isn’t a Honda or Toyota. Sorry if that hurts your feeling but resale value is a thing and it is a great barometer of car quality. I traded a 3 year old civic with 30K on it for 5 grand less than I paid. You won’t see a Big 3 hold it’s value like that.

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