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

Because the minute you drive it off the lot, it’s not a new car anymore. Nobody is going to pay you a new car price for a used car, no matter how few miles are on it. Anyone but the dealer will assume there is something wrong with it, and the dealer can no longer sell it as new, even if they were willing to take it back.

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