The Perplexing World of Car Depreciation and the Rising Costs of Vehicle Ownership

When you purchase a car, you're not just buying a mode of transportation; you're investing in one of the most significant assets in your life. Yet, unlike a house, which tends to appreciate over time, a car begins its depreciation journey the moment you drive it off the lot. This paradox of car ownership is further complicated by the current market dynamics, where both new and used car prices remain high, and the cost of vehicle maintenance and repair is on the rise.