On average, how much does the value of a car model decrease by each passing year?
Take a honda cr-z for example, it costs 20k now. In- say- 6 years, approximately how much will it cost?
It depends on a lot of factors
The lower the miles it clocked, the lower the rate of depreciation. The better the condition, the higher it's value.
The car's name also plays a role. Reputable brands like Honda and Toyota hold their value a lot better than a Dodge or Chevrolet in similar year/condition.
Depreciation is different year-to-year. It's highest the first year, then lower each year afterwards. An average car depreciates 50% in 3 years.
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