Why isn’t it treated similarly to a house?
In: 111
It’s like an open boxed item you find at the retail store. You can buy a new item for $50 but an open boxed one for $40. The open boxed one could be someone who takes it home, tear open the box and returned it but the price depreciates because someone has already “used” it and you don’t know what’s wrong.
A car is driven off the lot. That owner has used it. You don’t know what they did with it and it means it is an old item and isn’t worth as much anymore.
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