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The first and greatest hit on the value of a car is the first time it is started at a new car dealership. The value drops as you drive home about $3,000 USD.

The second big hit comes at the start of year three, or 30,000 miles.

This can also happen if the car has damage. The car becomes worth much less no matter how well it is repaired.

After these conditions have passed cars tend to become fairly stable. If you want to have minimal loss of money, NEVER purchase a new car! Get one that is a few years old and has over 30K miles. New cars easily hit 300K today with little maintenance.

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Q: In what year does a car lose most of its value?
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