Report Abuse. Hello, Yes, 'biannual' means twice a year. It is biennial (note the spelling is ONE letter different!!!) that means every two years. You can also use the term semi-annual for twice a year. Now I was ready to tell you different and then I looked it up in this source: http://www.bartleby.com/68/34/834.html. This is always a great source for many language questions: www.bartleby.com --I was using the 'usage' section for this question.
Fortunately, depreciation does not continue at this rate, but it is still faster for new cars than for old ones. On average, a new car will lose as much as 19 percent of its value in its first year of ownership. That means that your $20,000 new car will be worth about $16,200 after just one year. With each successive year, the rate of depreciation decreases significantly. Check out the car depreciation chart to see how a new car may decrease in value over the first five years.
Monthly Payments Creep Higher. As has been the case for the last several years, the average monthly payment edged slightly higher in the second quarter. Experian said the average new car loan monthly payment was $452 in the second quarter, up $2 compared to a year ago. The average used car loan monthly payment rose $4 to $351. In both cases, monthly payments are rising in large part because car and truck buyers are financing a higher amount. The average amount financed with a new vehicle loan is $25,714, an increase of $474. For used vehicle buyers, the average amount financed was $17,433 in the second quarter.