I was in the market for an SUV not too long ago and had a lot of opportunity to think about the SUV as a financial investment. With such a large financial decision I found myself wondering: How does the vehicle lose its value over time?
I have heard numerous general statements like “you lose a lot of value the minute you drive the car off the dealership parking lot” and “foreign-made cars hold their value the longest”. Whenever I hear general statements I am always tempted to look at the data myself and verify their validity.
I decided to dust of the old web scraper and fit a few curves to the data and generate some general statements of my own.
Take a look at the analysis here: 01-How much does will an SUV cost you?