BUSINESS

How Much Has Your Car Depreciated?

03/28/2008 02:45 am ET | Updated May 25, 2011

There is a lot to think about when you are going to buy a car -- safety, reliability, styling, and, of course, price. As you choose between models, you should also consider depreciation.

Most buyers will eventually sell their car or use it in a trade-in, so a model with good resale value is money in the bank. According to the editors of Kelley Blue Book, depreciation is often the greatest expense incurred in the first five years of ownership.

I had a chance to talk to Jack Nerad, executive editorial director and executive market analyst for Kelley Blue Book's kbb.com, about depreciation and this year's winners of the 2008 Kelley Blue Book Best Resale Value Awards.

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