Sell now and take the loss rather than more... - Saab General Bulletin Board - Saabnet.com
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Sell now and take the loss rather than more...
Posted by TKC (more from TKC) on Wed, 30 Apr 2003 10:11:36
In Reply to: New cars, depreciation and selling a used car, John Davies, Wed, 30 Apr 2003 08:14:39
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depreciation with time. All cars, except some really rare finds, depreciate with time. The *RATE* of depreciation may change but the value depreciates nonetheless.
So, you want to sell the car as quickly as you can, unless you need the car to do something of value to you, i.e. going to work. A 2003 car is going to be a year old comes Fall 2003. Think of it this way, a 2003 car was probably built in mid to late 2002.
Remember, you are paying for the cost, insurance, depreciation...etc...of the car even if it is just sitting in your garage.
posted by 216.206.240...
Posts in this Thread:
- New cars, depreciation and selling a used car, John Davies, Wed, 30 Apr 2003 08:14:39
- As a general rule, it's never cheaper later....., Mike Lynch , Wed, 30 Apr 2003 14:09:54
- Make sure and do a cost analysis on, Jon in Chicago, Wed, 30 Apr 2003 11:56:22
- Sell now and take the loss rather than more..., TKC, Wed, 30 Apr 2003 10:11:36 <-- Viewing This Message
- I'm not sure it matters, phred, Wed, 30 Apr 2003 09:33:21
- Re: New cars, depreciation and selling a used car, Stephen Goldberger, Wed, 30 Apr 2003 08:34:45
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