bobinyelm wrote:
Bingo!
I know the OP asked to let this die, but as a hypothetical matter, I agree with virtually everything you've said.
But without people willing to lose tens of thousands in depreciation, there would be no used cars for the rest of us to buy.
Unfortunately, someone needs to feed the ducks.
Yup, however, not everyone needs to take the hit, I leave it up to those people with deep pockets :). To date, I have yet to own a new anything when it comes to vehicles.
Our fifth wheel was seven years old when I bought it (Our current home), the pickup truck fourteen, the pickup camper was thirty-two. My daily driver is thirty, however, I don't own it, its a family fleet vehicle, which was bought new in 1984, back when our Dollars were worth alot more than they are now. I currently am borrowing it till the next work contract when I have enough time to scrape together enough cash to buy another commuter out of the fleet auctions.