Understanding Car Depreciation: Average After 1 and 5 Years

Learn about car depreciation estimates, including average dollar amounts lost after 1 and 5 years of ownership for a new $46,000 vehicle.

1. The average dollar amount of depreciation after 1 year is typically around $6,000 to $8,000 for a new car.

2. The average dollar amount of depreciation after 5 years is usually around $20,000 to $25,000.

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