—they barely depreciate. I’ve also found that I can get new Tacoma forclients at such a good price that they’re barely a thousand dollars more (^)
than one a year or two old, meaning most people choose to go new.
Other, more fashionable vehicles such as coupes and convertibles cansuffer much larger amounts of depreciation, due to the whims of the market (^)
and changes in peoples’ style and taste preferences. These are bestbought 2-3 years old, often for 40 to 50 percent of their new sticker price.
Because they cost so much when new, most high-end cars like Porschesand large Mercedes and BMWs simply have to drop substantially, just so a (^)
bank will finance them once they’re used. Finally, the frequency and cost ofrepairs is very large factor in more exotic cars’ CPM; a Ferrari can usually
be expected to cost someone $10,000 or more per year in depreciation andannual maintenance—even though they’re driven an average of just 2,000
miles per year!
As you can tell, I could go on for a very long time about depreciation. Thepoint is to be aware of the logic behind it when you’re contemplating
whether to buy new—or used or simply to hold onto your current car a bitlonger.
than the car.TIP: Aftermarket work and accessories depreciate more^
barry
(Barry)
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