Repair vs. Buy New: Why Maintaining Your Car Saves Thousands

By Eugene B. · 6 min read · Money & Advice

A new car loses roughly 20% of its value the moment you drive it off the lot — and another 10% in year two. Meanwhile, a well-maintained vehicle you already know and understand can serve you reliably for a fraction of that cost. Here's the real math behind one of the biggest financial decisions a driver makes.

New vehicles depreciate 20% in year one and 10% in year two. Learn why smart repair investments in your current car almost always beat the cost of buying new — and what manufacturer warranties actually cover.