Forum Discussion
4x4ord
Feb 17, 2017Explorer III
That truck might have a lot of good miles in yet but it is about miled out as far as depreciation goes. If you put 15k per year on it, it will be about worthless as far as resale in 7 years. If you could buy it for 21k, use it for 7 years and sell it for $3500 with 300k miles on it your annual depreciation word be $2500. I purchased my 2011 KR new in 2011 for 55k and sold it with 100k miles for $40,000 in 2016....$3000 per year depreciation. I think anytime you can figure on under $3000 per year for depreciation you're doing well.
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