Value8 min read
How fast a car loses value in Greece
A car loses roughly the same percentage every year, but of an ever smaller price, so most of the euros go in the first few years and then the drop in euros slows right down. In Greece the curve is shallower than in northern Europe, because registration tax keeps new cars expensive and pulls used prices up with them, which is why a ten-year-old car here still has real market value.