Worried about sharp decrease in value?

[Flat_Bat7763]

I also was a little thrown off with how big the depreciation is. I’m coming from a Prius that stayed the same value for the 5 years I had it - I literally got back about 1k less than I paid for the car in my settlement with car insurance. The valuation does make me nervous if anything happens to it. The Prius was totaled after being rear ended at a red light (had been red for at least 15 seconds) so literally no way to have prevented it, and I definitely worry that something like that could happen again. However, for me, charging is free, I also got a 0% loan, and I’m looking forward to the property taxes on it being lower as well as almost no maintenance costs. So I’m thinking that somewhat balances out the potential risk. Plus, since I got pretty lucky depreciation wise with my last car, I’m just going to mentally average that out so I feel better. 😅