2 ms·
Yes, depreciation is non-linear. Used car lifetimes are also shorter, so used car purchase expenditure averages out to a higher per year percent of the purchase
by dahart 5y ago
Yes, depreciation is non-linear. Used car lifetimes are also shorter, so used car purchase expenditure averages out to a higher per year percent of the purchase price than with a new car.
> 42% higher on average than 2019 figures
Are you saying that your skepticism is justified now because you were right 3 years ago?
- throwaway894345 5y ago> Are you saying that your skepticism is justified now because you were right 3 years ago? I'm saying it doesn't make sense to make generalizations based on anomalous figures. > Yes, depreciation is non-linear. Used car lifetimes are also shorter, so used car purchase expenditure averages out to a higher per year percent of the purchase price than with a new car. Right, that's what "non-linear" refers to here. A car that's already 20% of the way through its lifetime has already depreciated by 50%. So you only pay 50% but get 80% of the miles.
- dahart 5y agoWe don’t know it’s anomalous yet; that’s speculation. In any case, today’s prices are today’s prices, and they support the top comment’s numbers.
- throwaway894345 5y agoIt’s really not speculation. Much has been written about the chip shortage and the automotive market. You’re welcome to read up on it. There may be some disagreement about whether prices will return to normal in late 2022 vs sometime in 2023, but economists pretty much all agree that the current situation is abnormal and they will decrease.
- dahart 5y agoIt really is speculation because the prices haven’t returned to earlier yet. Abnormal isn’t the same thing as anomalous.
- throwaway894345 5y agoI humbly submit that you consult a dictionary before engaging in this type of semantic pedantry.
- dahart 5y agoI will take that humble advice and do so. Sorry I upset you.