I thought anyone who finances a new car is underwater as soon as they drive off the lot. Don't new cars depreciate something like 20% the day you buy them? EDIT

I thought anyone who finances a new car is underwater as soon as they drive off the lot. Don't new cars depreciate something like 20% the day you buy them? EDIT: I was wrong it's closer to 9% [1] [1] https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html https://www.edmunds.com/car-buying/how-fast-does-my-new-car-...