Own Luxury Without Losing Money High Resale Cars
Understanding Depreciation and Value Retention
Depreciation is the reduction in the value of a car over time, and it is the largest cost factor when owning a vehicle. On average, a new car loses about 20% of its value within the first year and up to 60% over five years2. However, certain luxury cars defy this trend. The key to maintaining value is in demand, brand reputation, and model-specific reliability. For example, Lexus vehicles are celebrated for their durability, which helps maintain their resale value. The Lexus RX, in particular, is a standout in this regard, consistently ranking high in resale value assessments3.