India, July 23 -- In a country like India, a car is often a dream machine for many, while for some it is a necessity. However, be it an aspirational product or a necessity, one universal truth for any car is that the moment it rolls out of the showroom, the value of the car is decreased and the depreciation continues. If you are a car owner or going to buy one soon, consider this: a car is an asset, but a depreciating one. To simplify, an asset is a thing that holds or increases its monetary value over time. However, a car starts losing its monetary value once it rolls out of the showroom.

In this article, we will break down the economics behind a car's value depreciation and everything the buyers and owners should know about it.

The In...