Depressing Depreciation
In Alberta in 2011 my truck had a list price of just over $84,000. It could be bought for $70,000 cash. Now, three and a half years later with 62,000 miles on it I would be doing good to get $40k out ...
Forum Discussion
Well, the way I look at it is you are a DA if you buy a brand new vehicle and then sell it a year or two or three after buying it.... ;)
Of course you will lose A$$ in that case...
Why didn't you just lease it or get a used one yourself?
Anyway, I just bought my first EVER brand new vehicle and yes, it was a year end left over, but I got a pretty good deal on it at the time and there is no way I'm selling it anytime soon... I owned my USED 97 F150 for over 12 years and that's what I ended up trading for the 13 F150..
Will I get the $33k + the $3k in interest out of the '13 in use for the many, many years I'll own it?? Who knows, but all I know is I'm making payments on it for the next 6 years, so it's mine for a LONG TIME!! :)
Good luck!
Mitch
Of course you will lose A$$ in that case...
Why didn't you just lease it or get a used one yourself?
Anyway, I just bought my first EVER brand new vehicle and yes, it was a year end left over, but I got a pretty good deal on it at the time and there is no way I'm selling it anytime soon... I owned my USED 97 F150 for over 12 years and that's what I ended up trading for the 13 F150..
Will I get the $33k + the $3k in interest out of the '13 in use for the many, many years I'll own it?? Who knows, but all I know is I'm making payments on it for the next 6 years, so it's mine for a LONG TIME!! :)
Good luck!
Mitch
