How to Minimize Car Depreciation

You’ve probably heard the term “depreciation” in reference to vehicles, but do you know exactly what it means? According to automotive experts, a new car’s value decreases by more than 10 percent as soon as it's driven off the dealership lot, and it will drop a total of 60 percent in the first five years of ownership.
This loss of value over time is known as depreciation. The good news is that depreciation on Honda cars can be minimized by taking a few steps. Here are some tips from the dealers at Hall Honda Virginia Beach.







