What is car depreciation?
Some things in life have the good fortune of getting better — and therefore more expensive — with age. Wine is a classic example. A good bottle set aside from anywhere between 15 to 50 years can produce a great-tasting vintage, one for which wine enthusiasts typically pay good money. A painting may not change too much if it’s kept in decent condition, but views on its aesthetic qualities may shift over time; if they’re favorable, having invested in a certain artist can prove profitable for a collector. Most other things, however, experience an unfortunate decrease in value after they’re purchased. There are several reasons for this, including age, wear and tear or even market conditions. A furniture set you purchased for your living room may look great for several years and serve its purpose for a while. But if you’re moving to a new place and maybe looking to upgrade to a bigger set, you most like
