What is a vehicle history report? (And how to read one)
Metro
Contributor
The value of a new vehicle depreciates considerably the moment it is driven off a dealership lot. Bankrate reports that a car loses between 9 and 11 percent of its value the moment it leaves the dealership, and over the first five years, a vehicle loses roughly 40 percent of its value.
The fact that vehicles are expensive and lose value so quickly compels some consumers to consider preowned cars and trucks as more affordable and financially savvy options. However, preo