If you bought a car last year, it could now be worth more than you paid for it
CNN
Typically, a new car is considered a bad investment because it loses a big chunk of its value the minute you drive it off the dealer lot. That's unless you bought that new car during the pandemic.
In that case, you likely made an amazing investment because you could now possibly sell your one-year-old car at a profit or, at least, get back nearly what you paid for it, according to an analysis Edmunds.com conducted for CNN Business.
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