
How does depreciation work in used car market??
I am searching for a second-hand car, and a lot of my posts have told me I am overpaying, and the value of the car has depreciated a lot. Can someone please explain to me how it works based on the car model, year and mileage, and do dealers or used car sites charge more? What ceiling should be followed while looking at listings on online platforms like truevalue,spinny and olx?