Question

Which of the following statements is correct? ACars typically lose the most value in the first year after purchase. BHouses will always appreciate in value over the long-term. CBoth A & B D or neither a or b

Answer 1

I believe the answer is: A. Cars typically lose the most value in the first year after purchase

As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.

Answer 2

A, it is correct because Houses cant appreciate the value because they wear out so fast, Cars wear down faster because its metal.