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

Well, cars are overly expensive but since all the manufactures can agree, they can set their own price for the cars.

That’s the price you pay for a new car, but even a new car isn’t worth that, so the second you drive off it’s not a question about what it’s worth for the dealership, but what it’s worth for a random buyer.

Cars are scams just like everything else, but we have no choice but to get one anyway

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