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Old 12-08-2004, 12:43 PM
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shane shane is offline
nevermind
 
Join Date: Nov 2004
Location: Dallas, Texas
Posts: 469
One problem I have with the way resale is judged nowadays is that it is judged based upon the percentage of retained value the car cost new. This does not take into effect things like actual buying price, and the actual dollar amount lost. For example. A new 1998 SL600 was $126,000.00. The actual selling prices were $10,000.00 to $20,000.00 off. So say $100,000.00 ws the usual price. That car with 50k miles on it, in good condition is worth about $28,000.00 trade in adn $34,000.00 retail. Ok, percentage wise that is not bad, but OVERALL YOU LOST $66,000.00! That is just for 6 years of ownership and use! That is the actual money you lost! This is the way you should really look at it.
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