3 ms·
Why would that be better ? Deprecation of new cars in the first 3 years is crazy high, they loose 50% value in that time. Buying a new car every 3 years is one
by kayoone 10y ago
Why would that be better ? Deprecation of new cars in the first 3 years is crazy high, they loose 50% value in that time. Buying a new car every 3 years is one of the worst thing s you can do financially.
- massysett 10y agoBoring midsize cars do not depreciate nearly this much. A $22,000 Honda Accord depreciates only $10,500 over five years. Besides, they depreciate this much because those first years of car ownership are worth the most. The car is under warranty and is most trouble-free during the early years. People pay that much for the first years of car ownership because they get more utility from newer cars, not because they are suckers.
- ssharp 10y agoA lot of cars coming off lease these days that are two or three years old get certified by the dealer, which gives an extended warranty for the person buying the used car. That's a nice little bonus where you buy the car when it starts hitting linear depreciation and you still have a decent warranty.
- btian 10y agoI buy a new car every 2 years or so because it makes me happy. Money sitting in the bank earning no interest doesn't make me happy.