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
nevadanick wrote:
Some people can afford to buy new when they want and it doesn't matter what the depreciation is to them. That said we are going to go buy a new GMC Yukon Denali saturday, anyone want a good used Yukon in about 3-4 years ?
I will buy your Yukon Denali off you in 4 years. How does does $14,400 sound? I'm assuming it will have all the bells and whistles, that you will keep it in excellent shape and not put too many miles on it. (I am assuming you will be paying 60k for your new Yukon and then used a number of 30%/year for depreciation, but of course, that is not of any significance):)
