Habib Ullah Ashraf
Oct 141 min read
Why Depreciation Hits Luxury Cars the Hardes
Depreciation affects luxury cars more seriously because their original purchase price is significantly higher than for regular vehicles. When you buy a luxury car, buyers pay a prize for advanced technology, superior materials and prestigious brands. However, these high pre -costs mean that even a small percentage of the value loss means a significant economic decline. In addition, the value of luxurious vehicles quickly decreases in the first years due to market preference f
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