Why is the price of used Lotus L5 cars low?

[LaKhloe]

Lotus L5 used cars have low prices due to their low resale value. Here is a detailed introduction to automobile resale value: 1. Calculation: A car's resale value is calculated based on the original ex-factory price of the vehicle. According to the automotive industry's "10-year depreciation method," the car depreciates by 15% annually for the first 3 years, 10% annually for years 4-6, and 5% annually for years 7-10. 2. Influencing factors: Automobile resale value refers to the ratio of a car's selling price after a period of use to its original purchase price. It mainly depends on factors such as the vehicle's performance, price fluctuation range, spare parts costs, and maintenance convenience, essentially reflecting the comprehensive level of the vehicle. Models with high resale value have the advantage that their prices in the used car market are less affected by price reductions, thereby reducing the risk of economic losses due to product depreciation for some car owners.