Click me

Canadian Depreciation Depression

Canadian Depreciation Depression New cars lose value, but there are options The reality of it all The vast majority of Canadians are aware of vehicle depreciation as a reality that must be considered when purchasing a new car. Sadly, consumers report that after only one day on the road, a new car has already depreciated by 15% of its initial value. Not a happy thought. Nearly half of Canadian car owners have experienced some form of depreciation depression. 1 ar But what can we do to help reduce vehicle depreciation? One option is to consider buying a used car instead. According to our survey, when looking at expenses like ongoing maintenance, insurance and vehicle payments, you could save about $14 per month if you bought used as compared to buying new. Now, that's something to smile at! 55% 45% Annual depreciation comparison of 2002 car models* (lower is better) Domestic Asian Imports European Imports 0% -3% 3 out of 4 car owners -6% -9% -12% -15% -18% Reported that they think about the depreciating value of their car. Cars with low rates of annual depreciation* (lower is better) 0% Canadians report that the rate at which vehicle values depreciate makes them... -1% -2% -3% O annoyed 30% -4% O sad 18% -5% O upset 16% -6% * mad 8% -7% O depressed 0 6% -8% * Depreciation measured between 2010 and 2011 Based on an Ipsos Reid poll conducted on behalf of kijiji-September, 2011 2007 BMW X3 2010 Cadillac Escalade 2002 VW Golf 2007 Jeep Wrangler 2006 Ford Mustang 2008 Honda Pilot 2000 Buick Cenfury a 2007 Acura CSX 2002 Ford 150 2010 Ford 150 %24 %24

Canadian Depreciation Depression

shared by kcatoto on Jan 24
Nearly half of Canadians say they’ve experienced depreciation depression – the annoyed, upset, or angry feeling that comes with knowing the pace at which new vehicles depreciate and lose their va...


Kijiji Blog


Unknown. Add a source


Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy


Click the code to copy
Customize size