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Motorists cars will depreciate in value from next week because of this simple reason

Money Advice Service warns up to 50 percent of a vehicle’s overall value is lost once a car is over three years old.

They warn several things can depreciate a car’s value such as mileage, the number of previous owners and reliability.

The general condition of a model is also considered while a poor service history can also have a devastating effect.

However, the age of a vehicle is one of the most important factors with road users more inclined to buy a newer car.

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