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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43 Answers

Anonymous 0 Comments

A house doesn’t get in “crashes” and doesn’t need nearly as much maintenance as a car.

A 10 year old house is pretty much guaranteed to be just as good as new. A 10 year old car is pretty much guaranteed to already have many minor problems and to be about to run into many more, possibly major ones too.

Then there’s also the psycho-social aspect of it: how do you know (as a buyer) that the dude really just drove off the lot? And even if he did, how do you know that he didn’t crash on the gate while driving off? Surely if you’re trying to sell a car you JUST bought you did some dumb shit with it.

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