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October 19, 2020

Car value myths, busted

  • Edmunds says the best thing you can do for your car's value is to take care of it.
  • By RONALD MONTOYA
    Edmunds

    iStock image
    As a general rule, the value of your vehicle will drop slightly with every 10,000 miles you add. But according to Edmunds data, there is no major drop-off at any certain milestone.

    You've probably heard over the years a number of tips or myths regarding the value of your car. They might involve how quickly a new vehicle depreciates, for instance, or the biggest factor that influences the value of your used vehicle. But are they true, especially this year because of new pandemic-related market trends? Edmunds' experts analyzed the most popular car value myths to find the truth behind them.


     
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