<prompt> Human: So if I buy a brand new car and plan to drive it to the ground, would I lose out on depreciation?Or would it better to buy a preowned one 35K mileage at a cheaper price?Which is the better option? I dont understand why I may or ma not lose out on depreciation if Im never going to sell the car anyways  <response>: The math goes somewhat like this numbers are a bit pulled out of the air for simplicity:20k new car, get 15 years out of it. Paid 1.33kyr for the car. 14k used car, get 12 years out of it. Paid 1.17kyr for the car.Of course, you cant know exactly how long the car will last or how fast it will depreciate. What if we do it again with somewhat different but still plausible numbers?18k new car, get 14 years. Paid 1.29kyr 16k used car its certified pre-owned!, get 12 years. Paid 1.33kyrWelp. Of course, theres scenario number 3...5k old used car, get 5 yrs. Repeat forever. 1kyr. And sometimes you get lucky and get a lot more than 5 years out of it.Also, what if you get bored of the car in 3 years like the average american does?There arent simple answers here, unfortunately. You need to weigh what you want vs how much money you have. And whats available in the used car market. 