A new car worth $40,000 can lose more than 60% of its value in just five years, leaving owners with financial setbacks ranging from $23,000 to $28,800. According to recent industry data, the average ...

New Edmunds data shows that the average price for three-year-old used cars has surpassed $30,000 for the first time since 2023. This updated figure narrows the gap between new vehicle prices and three ...

Depreciation is when something new loses value over time, and every car experiences it over the years. Some cars depreciate at a faster rate than others, based on several factors beyond normal wear ...

Almost 30% of recent new car buyers were underwater on loans for their trade-ins, according to new data released by Edmunds.com.

In this column, I mainly focus on buying cars. But there’s another half of the equation, and it’s just as important. The trade-in. Let’s take a look at trading in your old car. Before we get into ...

GREENSBORO, N.C. — The average price of a new car is right around that $48,000 mark. Of course, you know that new car is only that price for a minute. As soon as you drive your car off the lot, it ...

Classic car ownership generally represents a solid means of capital investment, provided you have the funds to keep your vehicle well-maintained. But if you're trying to get ahead of the curve and are ...

You might be able to trade in a car with negative equity, but it doesn’t always make sense ...

Discover used cars that are still worth buying even with high mileage and can deliver reliable performance, long life, and ...