Generally true, but sometimes you get lucky: I bought a fully loaded Camry in mid 2021, heavily discounted, because it was one of the last previous year model cars they had in the country and at 0% apr for the duration of the 3 year loan. This was right before shortages started and inflation skyrocketed. As a result its value on the used market stayed over what I paid for 3 years and even now it's lost only about 10-15% of the purchase price.