Archive depreciation

The five best vehicles to buy with high miles

Reading Time: 3 minutes You may be surprised that a vehicle as affordable as the Rio is also one of the most reliable. JD Power says the Rio is more reliable than the Honda Fit, plus there’s that massive 10-year/100,000-mile transferable warranty.

Four Cadillacs that deliver massive luxury for little money

Reading Time: 3 minutes If crossovers aren’t your thing, the Escalade is still the SUV to get if you’re a CEO or rapper. Originally starting at $71,000, it has street presence and looks expensive, but depreciation is your friend here, and you can find great examples for half that.

Top luxury vehicles and the features that make them great

Reading Time: 2 minutes If you’re looking to land a top rated luxury vehicle, buying used is a smart strategy. As with all vehicles, new luxury cars lose a significant portion of their value the second they are driven off the lot.

How to get the most money for your used car

Reading Time: 2 minutes People often say a car is one of the worst investments you can make because its value declines day by day. Understanding how depreciation works and what drags down your car’s value is critical.

Ten used cars with the most, least depreciation in 3 years

Reading Time: 2 minutes It’s no secret that one of the biggest advantages of buying used is the savings compared to a new car purchase. The moment a brand-new car is driven off the lot, it loses an average of 10% of its market value, and then another 10% over the course of its first year.

Used car benefits go well beyond saving money

Reading Time: 3 minutes Given that buying a car is one of the most expensive purchases a person can make, the desire to save some money in the process is understandable. However, there are many more benefits to buying a used car than simply saving a few bucks.

Top vehicles that fight the slow depreciation fight

Reading Time: 3 minutes Depreciation happens regardless of make or model, so it makes financial sense to buy cars that are a few years old when the largest decrease in value has already affected what are essentially new cars. However, when it’s time to sell, depreciation works against you, lowering your ride’s value.

Can depreciation be a money-saving ally?

Reading Time: 3 minutes “Drive that car off the lot, and it will immediately lose 10 percent of its value!” We’ve all heard some version of that story before, where the mysterious force of depreciation instantly devalues your shiny new car.

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At Carvana, our goal is to put you in total control of the purchase process. What does this mean? We’re open 24 hours a day so you can buy whenever you want. You are able to use your computer or your phone so you can buy however you want. You also can buy wherever you want, like the comfort of your couch and not a dealership.

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