September 17, 2026
Depreciation — the loss of a vehicle's value over time — is often the single largest cost of car ownership, even though it doesn't show up as a monthly bill like a loan payment.
New vehicles typically lose a significant portion of their value in the first year alone, with depreciation slowing in later years. This is exactly why buying a used vehicle that's already a few years old can offer significant savings, since someone else absorbed that steepest initial drop.
Certain vehicles hold their value better than others due to strong reliability reputations and steady demand. Researching depreciation rates for a specific model can help you make a more informed decision, especially if you plan to sell or trade in within a few years.
Explore our used inventory to find vehicles that have already absorbed their steepest depreciation, offering better long-term value.