If you own a car, then depreciation will hit you one way or another. It could happen ever so slightly or it could hit you hard. Almost every car loses value as soon as you drive it out of the showroom. Depreciation is simply the difference between the amount you buy a car for and the amount you get back when you sell or trade it in.
This is the main downfall when it comes to owning your car yourself through buying it outright or through car finance. If you wish to avoid falling into the trap of car depreciation, it might be well worth considering getting a car through cheap car leasing.
How the price is affected
When it comes to car depreciation