40% depreciation in the first year is a myth. Show me one year old vehicle you can buy for 40% off.

It seems that I was talking about a place with one of the highest depreciation rates (1) in the world, so what I said may not be widely applicable at all. I didn't realise it varied so much by country. I should have remembered that New Zealand has unusual prices because it gets a lot of used car imports from places like Japan and Singapore who get rid of their cars quickly.

1) https://www.stuff.co.nz/motoring/news/89145417/new-zealand-h...

This is an old study which points to New Zealand having quick depreciation in the first year. Looking around briefly, I think depreciation reduced substantially since COVID, and I think those numbers in that study may have been too high anyway (the study found over 50% in the first year). I'm interested in what happened, so I'll try and find what the reality is when I get a chance.

Sometimes you would be lucky to see the supposed 10% first year depreciation Numbers