See what a car will be worth each year you own it and how much value it loses — the biggest hidden cost of owning a car.
A typical new car loses about 20% in the first year and around 15% each year after that, so it's worth roughly half its price after five years.
Trucks, Toyota and Honda models, and Jeep Wranglers tend to hold value best. Luxury sedans and many EVs tend to lose value fastest.
Buying a 2-3 year old car lets the first owner absorb the biggest drop, often 30-40% of the original price, while you still get a fairly new car.
Yes. Driving well above about 12,000 miles a year speeds up depreciation, while low mileage and a clean history slow it down.
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