How much value does a new car lose when driven off the dealers'lot?


I have always heard that when you buy a new car, once you drive it off the lot it loses up to 20% in the first year you own it. Another tidbit I have heard is that by the 5th year, that car can depreciate by as much as 65%. That makes you think hard before buying a brand new car.
Q&A Related to "How much value does a new car lose when driven..."
If you buy a car from a dealer, you are paying more than it is actually worth. If you weren't, the dealer wouldn't be able to make a profit. So the minute the sale is completed, that
You do not have to be a car connoisseur to know that cars do not age very well. In fact, the minute you can see the sign of the dealership in the rearview mirror as you're driving
Drive a new car off the lot and it can lose 20
Its like most manufactured assets, the more it is used the more it depreciates. Also, particularly with cars, as a new model year comes each year and the older one becomes slightly
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