New cars depreciate significantly the moment they are driven off the lot, losing 10% immediately and up to 60% in the first five years. Buying cars that are five years or older offers substantial savings as the steepest depreciation has already occurred, making them a much wiser financial choice.

Impact: Medium. Recognizing the rapid depreciation of new vehicles highlights the financial advantage of purchasing pre-owned cars, maximizing value and minimizing loss.

In the source video, this keypoint occurs from 00:41:42 to 00:43:00.

Sources in support: George Kamel (Host)