Cars are an asset that typically goes down in value. Ivan Drury, with Edmunds, said just because you spent a lot more money up front does not mean the car retains its value. That is one reason 1 in 4 new car trade-ins are worth less than the loan attached to them, according to Edmunds. MORE: https://www.wthr.com/article/money/whats-the-deal/some-drivers-trading-in-new-cars-owe-more-money-than-theyre-worth/531-e83a33ae-1eec-4d87-a50e-f5125d3ea54a