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Depreciation royally bites

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Old Sep 17, 2007 | 08:11 PM
  #21  
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Originally Posted by mstrwolfgang
On another note, isn't it sad that when you drive a brand new car out of the dealership parking lot, it automatically depreciates by about $2000 right off the bat?
That figure is closer to a $10,000 price drop.

At least that'* what I've come to know.
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Old Sep 17, 2007 | 08:13 PM
  #22  
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Actually, the figure is a percentage of the original cost. Not a fixed amount.
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Old Sep 17, 2007 | 08:15 PM
  #23  
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True. It definitely depends on the car, especially US vs foreign cars. But for most brand new cars, $2000 is too low.
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