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Used cars appreciate up to 50% in Brazil, outperforming most financial investments

RIO DE JANEIRO, BRAZIL - Buying a brand new car has always been ill-advised from the standpoint of financial education and investment.

After all, the traditional estimate is that as soon as it leaves the dealership, a new car is worth an average of 20% less than the purchase price. Who would have thought that the pandemic would reverse this logic and that cars would become an asset that appreciates in value?

Those who bought a new car in March last year can resell it now for up to 28% more than they paid, should the model be among the . . .

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