{"id":851,"date":"2020-12-07T09:51:22","date_gmt":"2020-12-07T09:51:22","guid":{"rendered":"https:\/\/www.carbar.com.au\/blog\/?p=851"},"modified":"2023-10-18T15:57:56","modified_gmt":"2023-10-18T04:57:56","slug":"managing-car-expenses-in-an-economic-downturn-depreciation","status":"publish","type":"post","link":"https:\/\/carbar.com.au\/blog\/managing-car-expenses-in-an-economic-downturn-depreciation","title":{"rendered":"Managing Car Expenses in an Economic Downturn: Depreciation"},"content":{"rendered":"

There are plenty of sneaky hidden costs that plenty of people don\u2019t consider before they buy a car. From stamp duty to initial registration and comprehensive insurance, there\u2019s so much that gets forgotten in the race to get behind the wheel. But the king of them all is depreciation. A measure of how much the resale value of your car falls each year, depreciation is the silent thief picking your pocket, taking as much as 30% off the value of a new in the first year alone.\u00a0<\/span><\/p>\n

That can quickly add up. The average car owner loses roughly $70 per week to depreciation, putting your next car that much further out of reach every day. In a year that seems to be full of unfortunate surprises, you can\u2019t afford an expense like that cutting into your funds. With the situation changing rapidly from week to week and month to month, it\u2019s vital that drivers protect what matters most \u2013 their hip pocket.\u00a0<\/span><\/p>\n

If you\u2019re one of the financially savvy people who would rather have that $300 a month back in their pocket, Carbar has the solution. We bundle your costs into one easy to manage, flexible subscription. If you find you don’t need your wheels, simply give us two week’s notice and we’ll come and grab the car \u2013 you don’t even have to leave your house. Forget taking pictures, paying for advertising, answering calls and dealing with tyre-kickers and low ball offers. Save the thousands you could lose just trying to get a price you think is fair for your car and subscribe to Carbar.\u00a0<\/span><\/p>\n

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