When you buy a new vehicle that has been made in that very year, the value of the vehicle is at its highest. This is because the model is the latest, the vehicle isn’t used and it was just bought. However, as time goes by, the value of your car will depreciate. There are many reasons for this, the mileage you get on your car, if you have an accident or if a new model comes in. The value of your car in this way is similar to the value of money, it depreciates fast.