You may have heard the saying that a new
car starts to depreciate the moment it is driven off the dealer’s lot – while
this sounds like an exaggeration, a US-based insurance site has put the number
at a massive11%.
We don’t have the exact figures to account for such ‘immediate depreciation’
for vehicles in Malaysia but annually, it is estimated that a car will lose an average
of 10% to 20.
Now vehicle depreciation is expected to
some degree – but did you know that certain factors could actually speed up the
process and affect your car’s resale value?
Here are eight things that could influence
your vehicle’s resale value for better or for worse in the secondary auto