Report Abuse. Hello, Yes, 'biannual' means twice a year. It is biennial (note the spelling is ONE letter different!!!) that means every two years. You can also use the term semi-annual for twice a year. Now I was ready to tell you different and then I looked it up in this source: http://www.bartleby.com/68/34/834.html. This is always a great source for many language questions: www.bartleby.com --I was using the 'usage' section for this question.
Fortunately, depreciation does not continue at this rate, but it is still faster for new cars than for old ones. On average, a new car will lose as much as 19 percent of its value in its first year of ownership. That means that your $20,000 new car will be worth about $16,200 after just one year. With each successive year, the rate of depreciation decreases significantly. Check out the car depreciation chart to see how a new car may decrease in value over the first five years.
Donât be fooled into thinking depreciation slows much after the first year. The fact is, new cars continue to lose value for four more years, averaging a decline of 15-25 percent per year. On average, a new car will lose 60 percent of its total value over the first five years of its life. So yes, if you buy a fairly new used car you wonât take that first-year hit, but you will take hits until the car reaches five years of age.