Quote:
Originally Posted by P86RAVES
Not all cars lose value so fast; you know, that whole "resell value" thing.
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If you take the link I posted this car seems to be hitting slightly above the average depreciation curve.
http://www.edmunds.com/car-buying/ho...fographic.html
I'm at 18 months which according to their chart is 75% value, calculating based off of a $25k price point that says my car is worth $18.75k, looking around that may be my best offer from a dealership trade in but private party I don't think I'd have any trouble selling it for ~$20k, more if I went though the next big service and did all the fluid flushes and put good tires on it and had a bit of patience.
Yes it's a bit of a shock for someone who hasn't stepped through the math before (how did you get a car without that kind of foresight?), is a first time buyer or expected typical Toyota econo-box levels of depreciation from light usage, but it ain't exactly a BMW like in your link.