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After five years, you get more like a quarter to a third in trade in. For sports cars, you lose half just by driving it off the dealer lot... And that is assum
by jwatte 10y ago
After five years, you get more like a quarter to a third in trade in.
For sports cars, you lose half just by driving it off the dealer lot...
And that is assuming you aren't leasing, which a lot of people do. No trade in value there.
- Cookingboy 10y agoThere is not a single sports car that you would get hit with a 50% depreciation just for driving off the lot. For leasing, you aren't paying for the full cost of the car either, in fact, depends on the company you could actually come out ahead when compared to purchasing.
- joezydeco 10y agoNo trade-in, but you're only paying the depreciation and not the full value of the car either. I've had friends lease recent model cars on 3year/12K terms and get about 60% residual value on their term sheet. I think 1/4 to 1/3 is an extreme case, unless you're choosing really crappy manufacturers that are known to fall in value quickly