One of the greatest highlights of anyone’s life is buying a house, getting married and having children, and buying a brand new spanking automobile. It’s an exhilarating feeling. Realize however, that driving that brand new car off the lot, does is massively depreciates the worth of that car, instantly.
The moment that you take ownership, and drive that brand new car on to the street, what it can do is depreciate as much as 11% percent off its retail price. So that means if you just bought a $30,000 vehicle, …