Q:
A: Pretty obvious really.. you buy a new car.... drive it for a week... then try to sell it. if you were the next buyer, would you pay the same for a week old car, or get a brand new one?? it has to be less, or it won't sell. lets say the car is now 6 months old.. would you expect to pay the same as a new car, or a 2 month old car?? again, it will have to be less than the 2 month old car.. And it goes on and on, until it hits the scrap yard.. There are two exceptions to the rule... A new car may have a long waiting list.. some exotic cars can be years.. in which case, you may not want to wait, and prefer to pay over and above the new price in order to get one. A very old car that is in exceptional condition for it's age, and is also very rare, may command a price that is higher than when it was new.. However, in it's first say 10 years, it will have followed the norm, and depreciated just like any other..