Depreciation is the drop in value of a vehicle over time. Understanding depreciation and how it works can help you avoid owing more than your car is worth. Depreciation can be steep in the first year, as much as 20 to 25%. It slows down as cars get older, so it's usually less of a factor when buying used. Some car brands hold their value better than others, which may help when it comes time to sell. Learn more at Capital One's Auto Learning Center.
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Value:', 'Amount', '9', 'Owed:', 'Dollar amounts are for illustrative purposes only
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This video is for educational purposes only and is not intended to be financial advice
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What is Car Depreciation, and Why Does it Matter? | Capital One