Why Cars Lose Their Value So Fast

I remember in finance 301. The most appreciation happens after the first two years. My professor and finance bought a corvette that was two years old and saved quite a bundle. I did the same thing when I bought my 2018. Christ or pacifica touring L. I use cargurus.com. They compared other dealers for the same vehicle. And I got it for a good price and back then. The interest rate was six percand that is an excellent vehicle with two hundred and eighty seven horse power and I feel like I'm driving in a spaceship with a killer stereo and plenty of acceleration.

But if you buy an electric car, don't be surprised that the battery will go bad after 8 years and look what happened to the guy from Finland who blew his car up. Because he didn't want to pay $25k for a new battery.

https://youtu.be/6zAhwiQ95Wg?si=xvSDrlQY5LR16wQK

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