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Vehicle Ownership

Last Update a year ago

What is car depreciation? How much value does a car lose in the first few years? Can a car increase in value over time? How does depreciation affect my car insurance? What factors affect how much my car depreciates?

Do electric cars depreciate faster than petrol or diesel vehicles?

Matt Russell

Last Update a year ago

Electric cars depreciate differently. Battery condition, charging compatibility, and new tech releases all impact their resale value. A well-maintained EV with good battery health may hold value better.

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