The decline in value of a purchased vehicle. Once a vehicle is bought, it starts depreciating. Within the first year, a car can depreciate to up to 40% of its original value. Depreciation can lead to negative equity during a car loan.
Finty members get
I don't want rewards
I want rewards
Disclaimer: You need to be logged in to claim Finty Rewards. If you proceed without logging in, you will not be able to claim Finty Rewards at a later time. In order for your rewards to be paid, you must submit your claim within 45 days. Please refer to our T&Cs for more information.
