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Originally Posted by bmussatti
Vincesf, not to get too off-subject here, but I just don't "buy" the whole depreciation statement. I would like someone to explain this better to me.
A car should be worth less in five years. The owner "consumed" part of its useful life span. I just don't view it as depreciation. I see it as consumption and that consumption results in a benefit to the owner/buyer in the form of entertainment and enjoyment.
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Agreed, but I remember the day that special interest cars retained a greater percentage of their original purchase price.
vincesf