Research has shown that a new car depreciates in value at a very high rate. It is estimated that once you acquire a new car from the dealer, it will depreciate up to 15% depending on the model within the first few months. Thereafter, the value remains fairly steady. Making such considerations, it would actually be more sensible to buy a used, three-year-old car which still has several more years in its lifeline. It can also be used and resell later.
