Quote:
Originally Posted by briancl
Anyone know how our cars are going to depreciate? Better to keep the car longer?
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well, if you read through this thread, you'll see the general figures are:
1. $20k depreciation from sticker in the first 2 years.
2. prices bottomed out and held steady to $30k even for the older (08/09) higher mileage cars
If you purchase used, AND if you got a price under $52k (depending on year, mileage, model, options, location), then you generally made a smart purchase, assuming you didn't get butt reamed on a trade in or finance.