Quote:
Originally Posted by nh500sl
Yeah, but most of are cars are not depreciationg anymore either, so depreation is another factor the extra cost in drving a new car.
|
They depreciate every mile that you drive them, unless you're able to maintain them in pristine condition.
The SD was purchased for $4K. with 150K on the clock. It's currently at 195K. When it reaches 300K, you think someone will pay $2K for it? I sincerely doubt it.
And, at 400K, without an engine rebuild, the vehicle is worthless.
So, depreciation is always present. I figure the SD at $500 per year and the SDL at about $800 per year. It's not significant, but, it's not zero either.