If you’ve just bagged yourself a new ‘14’ plate car, the bad news is that its value will have most likely dropped by 20% the second you drove it off the forecourt – just another reason to love VAT – and could drop by as much a 40% within the first year. The good news is that you have a brand new car, meaning you shouldn’t have to worry about it breaking down any time soon, and you certainly won’t have to worry about the MOT for a few years. If you’re worried about depreciation, some factors will be out of your control. For instance, certain makes and models depreciate faster than others. But there are steps you can take to help maintain the value of your car.