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I feel like it’s depreciation I need help please This occurs when a car is worth less as time goes on when you drive your new (or used ) car off the lot, the value starts to fal…

I feel like it’s depreciation I need help please This occurs when a car is worth less as time goes on when you drive your new (or used ) car off the lot, the value starts to fal…
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25 votes
I feel like it’s depreciation I need help please

This occurs when a car is worth less as time goes on when you drive your new (or used ) car off the lot, the value starts to fall

User Hager
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8.2k points

1 Answer

11 votes
The Car (asset) has depreciated in value
User Yurets
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