As a general rule, cars, trucks, and SUVs tend to start losing value the minute they drive off the dealer’s lot. You can expect a car to lose at least 20% of its value in the first year alone, and the vehicle is unlikely to be worth half the original MSRP after five years on the road. At least, that’sthe general rule. There are plenty of exceptions, for example, a 2021 Toyota Tundra can sell for thousands of dollars more than the cost of a brand-new one.
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