Quote:
|
Originally Posted by demick
Biggest drop in value happens the day it's driven off the lot. Course, it depends what you consider 'a dive'. You probably have a price in mind. Perhaps $40K, or $30K or even $20K. All of those prices will happen, just a matter of time. The half life of 3 years is probably pretty accurate. $20K will come in roughly 5-7 years (depending on many factors).
|
That is very true, the moment you drive off the lot the car loses anywhere from 10-30% of its value. This is simply because the average American believes a used car is a broken car, even if that is not the case. In addition, we see a lot of "why should I buy a 2010 used when I can get a 2010 new with all my options and colors on it?"