Though it's common knowledge that all vehicles lose value, it's not so easy to predict just how much or how quickly your new car or truck will depreciate as you drive it off the lot.
For that reason, we turned to experts from Kelley Blue Book/Autotrader and CarGurus for advice about making one of life's biggest purchases – whether it be new or used.
"I encourage people not to think of cars as assets because they are not an appreciating thing," said Sean Tucker, lead editor with Kelley Blue Book and Autotrader. "But it is still a major investment, and so there's a reason you don't want to buy the one that has lost 41% of its value in two years."
That vehicle, according to Kelley Blue Book data, is the 2023 Tesla Model Y Long Range.
"Our industry has never seen anything like what's happened to Tesla over the last year," Tucker said. As CEO Elon Musk worked with President Donald Trump's administration, Tesla saw the lowest Q1 results in three years.
