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Sure they do. Check at your dealer late in the year and there's a good chance they'll have one or two early lease returns or "floor model" units sitting on the
by mikepurvis 8y ago
Sure they do. Check at your dealer late in the year and there's a good chance they'll have one or two early lease returns or "floor model" units sitting on the lot. If you compare the price of those ones to the ones of the same model year that are still brand new, you'll see a disparity.
- rootusrootus 8y agoAside from cherry-picked anecdotes, go ahead and research it -- depreciation information isn't too hard to find. A run of the mill Toyota or Honda will depreciate maybe 15% in the first year, then the rate goes down significantly in the following years. Still worth more than 50% of original price at five years. Yes, if you try to trade it in right after you buy it you are going to get bent over, but you could put it on the used market for a couple grand below what you paid and as long as you didn't overpay to begin with it will sell quickly.
- mikepurvis 8y agoHuh, maybe we're agreeing more than we're disagreeing, because a brand new Civic is like $20k. So if you're putting it on the used market for "a couple grand" below the new price, then there's your 10% drive-off-the-lot cost right there.