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

If you’ve had it why would I pay more when I can get the exact same thing for less and have it brand new? It’s not like they’re gonna stop pumping then outta the factory

Granted for cars where supply IS low like limited editions or cars that just can’t meet demand, people are definitely willing to pay higher prices to buy it off someone who just took delivery of it

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