Money Advice Service warns up to 50 percent of a vehicle’s overall value is lost once a car is over three years old.
They warn several things can depreciate a car’s value such as mileage, the number of previous owners and reliability.
The general condition of a model is also considered while a poor service history can also have a devastating effect.
However, the age of a vehicle is one of the most important factors with road users more inclined to buy a newer car.
Published at Thu, 27 Aug 2020 10:38:00 +0000