People commonly fail to actively minimize car depreciation through informed purchasing and proper maintenance.

“People just take think depreciation is going to be a thing that happens to them and they don't take steps to minimize it like they should. You have to kind of know which cars to buy, how to look for them, what to look for to actually not lose money.”

Electric vehicles offer superior tax advantages compared to internal combustion engine cars because government regulations allow for faster depreciation rates.

“The government allows you to depreciate an electric vehicle 40% year-on-year.”