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

A house *does* depreciate the moment you are handed the keys. Closing costs are often more than 6% the price of the house, so if you were to immediately sell your house you would not get the full amount back. Unlike a house, those middle-man fees are built into the sticker price of a car.

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