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How is depreciation worked out?
How is depreciation worked out for cars and who decided on a percentage figure?
Frank D (Dublin)Oct 2021 Filed under: choosing used car
Expert answer
Hi F D,
There is no such thing as a fixed depreciation percentage for cars. It varies massively from model to model and is also affected by things like mileage, condition, demand in the market, etc.
Shane O' Donoghue - Complete Car Advisor
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