Your car will depreciate in value from Monday because of this simple reason

Your car will depreciate in value from Monday because of this simple reason

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