4 ms·
> 40-50% depreciation is crazy It's most likely a lie, they probably based the numbers on the original MSRP rather than the original out-the-door price.
by rootusrootus 1y ago
> 40-50% depreciation is crazy
It's most likely a lie, they probably based the numbers on the original MSRP rather than the original out-the-door price.
- rasz 1y agoUK ZEV mandate led to absolutely insane EV incentives for businesses distorting the market towards huge expensive but crap German EVs like Audi e-trons. Those EVs depreciate like crazy. Mercedes EQS must be a record holder at 50% in a year.
- rootusrootus 1y agoYeah I wouldn't be surprised. Even without the EV-factor, German cars don't have a particularly great track record for depreciation. It's a marvel to see just how much a VW GTI, for example, can depreciate in year 1.
- ahartmetz 1y agoSucks if you buy a GTI, but the depreciation is actually kind of positve for German private buyers of "business-compatible" cars. Over 50% of VW cars in Germany have businesses as first owners, mostly due to business car taxation rules, so they enter the private market as used cars. Given how long cars last these days (yes, even VW - mine is from I think 2009), buying used is a no-brainer if money is at all an issue.