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A car was valued at $36,000 in the year 2009 and by 2013, the car value had depreciated to $18,000 so if the car's value continues to drop by the same percentage, it's worth in 2018 will be $9,000.
The price of any car over the years depreciates and depends upon varied factors that verify the merchandising price of the automotive. These factors vary from year of purchase, make, model, kilometers driven and overall condition of the automotive.
Cars lose the foremost value within the initial year, and depreciation continues for regarding 5 years. A automotive will lose up to twenty of its price within the initial year, and over the primary 5 years fall to around four-hundredth from the initial value. meaning it loses regarding V-J Day of the worth every year once the primary year.
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