Quote:
Originally Posted by brandonblt2
Buy a 2015 altima and see. They are are selling for 22K new and drop to 14k in a year.
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Does nobody know how percentages work?
If you buy a car for $25,000, and within one year it is worth $13,500 then you have had 46% depreciation in a year.
If you buy a car for $20,000, and within one year it is worth $10,800 then you have had 46% depreciation in a year.
For big depreciation numbers, check out the more expensive vehicles. BMW 7 series is very good at depreciating, and I don't think that could drop 46% in a year.
-Justin