B2 – Upper Intermediate
One of our largest lifetime investments may be a car. But unlike other investments like a house, a car’s value depreciates quite rapidly.
In what way and why?
Watch the video below to help you find out the answers to these questions.
Vocabulary Questions:
- What does “to be underwater on a loan” mean? “A car owner is underwater on a loan if their loan is larger than what their car is worth.” Give two (2) synonyms or similar expressions and make your own sentence using the term ‘underwater on a loan’.
- How about the word “abate“? “A lot of those trends have abated since, but those odd times led to lasting changes in the post-pandemic world.” Give two (2) synonyms or similar expressions and make your own sentence using the term ‘abate’.
- Do you know what “rein in” means? “The Federal Reserve has raised interest rates in order to rein in inflation and that has made borrowing more expensive.” Give two (2) synonyms or similar expressions and make your own sentence using the term ‘rein in’.
Discussion Questions:
- What are the 3 main reasons mentioned in the video that causes car depreciation?
- Do you agree to these reasons why cars lose their value? Why or why not?
- Could you consider cars as investment? Why or why not?
- Which do you consider is the better choice between a new car or a used one? State your stance.
- What are different factors a buyer should consider before buying a car?
2 replies on “Cars Lose Their Value So Fast”
What are the 3 main reasons mentioned in the video that causes car depreciation?
a-The 10% of discount (incentive) of the new one’s cars, b-the people want new brand cars, we like new cars.. and c-if you sell your car very fast maybe is because have some problems, have some damages to repair?
Do you agree to these reasons why cars lose their value? Why or why not?
I agree in all of the reason given in the video, I didn’t know some of them, I also I think there is another factor that everybody knows: the planned obsolescence (you know for sure that the car will not work, or will work badly in some years…)
Could you consider cars as investment? Why or why not?
Not at all, if you buy a car you know for sure you are going to lose money if you try to sell it. Only if you invest in some rare cars maybe you will recover or gain your investment in the future.
Which do you consider is the better choice between a new car or a used one? State your stance.
Well, two options have upsides and downsides, I prefer to by a new car for some reasons: a-they have 2/3 years of guarantee, b-I like new cars, c-You know is new and have the cutting edge technology, d -It is more expensive than the used-car option but they are in good conditions, and with the used-car you don’t know for sure the real condition and how much is going to last.
What are different factors a buyer should consider before buying a car?
Lot of them: Incentives to buy it, guarantee, post-selling services, reliability, oil consume, taxes on this kind of car, insurances costs, and so on.
Great that you always practice your writing. This exercise will definitely help you improve your skills.
Here is a sentence you can revise:
Keep being consistent.