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Message: <blockquote data-quote="anxious" data-source="post: 19285" data-attributes="member: 193"><p>Cars are a depreciating asset. Some faster than others but almost all cars reduce in value over the years. For those who buy new, it can be quite a pain taking into account what they paid when the cars were new. For others depreciation allows us to afford our dreams minus the smell of new leather.  Based on "What Car" magazine, in UK cars generally tend to lose half their value after 3 years. In Malaysia, cars tend to hold value better as you can still expect to sell your car at half the value after 5 years ie averaging 10% depreciation per annum. What contributes to the rate of depreciation? I believe that factors that contribute to a faster rate of depreciation in UK are higher maintenance cost after the free service and warranty period expires and relatively cheaper new cars, making the option for a new car always more attractive. Just thinking aloud. Care to share your thots?</p></blockquote><p></p>