Do Luxury Cars Lose Value Faster
Luxury cars, often seen as a sign of opulence, ignite both envy and curiosity. Yet, do these high-end vehicles maintain their value or depreciate rapidly? Despite initial assumptions, studies reveal that luxury cars indeed lose value faster. Whether it’s due to rapid advancements in technology or the hefty premium associated with the brand, these vehicles struggle to sustain their worth. So, while the allure of luxury may entice, their residual value may not prove as seductive in the long run.