People love their cars. Some people love their cars so much, they buy a new one every few years. A car can often be a symbol of status. The nicer your car, the more money you make, and the cooler you come off to other people. Luxury is an absolute necessity, and all of the new gadgets and features have to be included.
This is all fine as long as you realize that cars depreciate in value the moment they’re driven off of the lot. This infographic shows the reality of this matter. An almost $30,000 car, true market valued at 100% is driven off of the lot. One minute later, the value of the car goes down to 91% at just over $27,000.