10 tips avoiding car depreciation
How to avoid high vehicle depreciation? 10 valuable tips against a rude awakening
"I bought the car three years ago for 19,000 Euros as a used car, since then my wife has only driven 5,000 km with it. Today it's not even worth 8,000 Euros. How is that possible?"
This article from May 2019 is intended to give us an overview of the car market in Germany and thus help us make the right decision when buying a car.
This article is in particular intended to help expatriates to use a vehicle for themselves or their spouse for 2 to 3 years and to use it for shopping, picking up children from school and making short excursions.
Fundamentally, our recommendation from COS is that it is better to buy a well-maintained used car than to lease a new car at comparatively high costs.
This gives you the opportunity to drive a better-equipped, more valuable vehicle, while saving money at the same time.
The pre-requisite, however, is that you achieve a good resale price.
How this is done is explained here in this article.