According to the Bankrate, many factors affect the value of a car, with many brands of new cars losing up to 30 percent of their value as soon as they are purchased from a car dealer.
Brands
Bankrate explains some brands of car historically hold their value much longer than others. In the first three years after a car is sold it is possible for the value of a car to depreciate by 50 percent.
Value
AutoBodyShopStop.com reports damage is the cause of lost value on a car in many cases. Cars that are well-maintained and in good condition have a greater value on the open market than a car in poor condition.
Uses
The value of a car is used for a variety of purposes including for resale and insurance purposes. AutoBodyShopStop.com reports the value of a car is calculated by an insurance appraiser following an accident to calculate whether a car should be repaired or not.
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