2023/2024 RAV4 hybrid Depreciation

arun_lisieux

Hi, I'm considering buying a new fully loaded 2023/2024 RAV4 Hybrid XSE/Limited trim. With a possible new generation in the horizon, I wanted to understand how depreciation of current cars would be affected by it.

Michaell

arun_lisieux said:

Thanks Michaell. I usually own my vehicles around 6 years. Considering that time frame, I wanted to understand if newer generations would affect the depreciation much. I'm looking for data to help me decide between 1. Waiting a year for new generation RAV4 2. Buying similar latest generation car from other manufacturers.

Nobody has the ability to predict the future.

You can, however, go back to 2018 models and look at their current depreciation as a guide.

Michaell

arun_lisieux said:

Hi, I'm considering buying a new fully loaded 2023/2024 RAV4 Hybrid XSE/Limited trim. With a possible new generation in the horizon, I wanted to understand how depreciation of current cars would be affected by it.

You really only need to worry about depreciation when you go to sell the vehicle. If you don't plan to keep it that long, consider leasing, where the depreciation amount is locked in.

arun_lisieux

Thanks Michaell. I usually own my vehicles around 6 years. Considering that time frame, I wanted to understand if newer generations would affect the depreciation much. I'm looking for data to help me decide between 1. Waiting a year for new generation RAV4 2. Buying similar latest generation car from other manufacturers.

arun_lisieux

Michaell said:

arun_lisieux said:

Thanks Michaell. I usually own my vehicles around 6 years. Considering that time frame, I wanted to understand if newer generations would affect the depreciation much. I'm looking for data to help me decide between 1. Waiting a year for new generation RAV4 2. Buying similar latest generation car from other manufacturers.

Nobody has the ability to predict the future.

You can, however, go back to 2018 models and look at their current depreciation as a guide.

Thanks a bunch Michaell. That helped me get an approximate idea of what to expect.