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Need a family-friendly vehicle with lots of cargo space? Have you thought about looking at pre-owned minivans? Although a lower sticker price can certainly be attractive, buying used won’t just save you money upfront. It’ll also help you avoid the massive depreciation a new minivan would experience in the first five years of ownership.
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Did you know that in the first five years of ownership, the average, brand-new luxury car will see a 40%–50% drop in value? Or that some new luxury vehicles can depreciate more than 60% during the five years after they first leave the lot?
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