Quote:
Originally Posted by Pparana
So a car with an msrp of prob. 45k sold for 72% of its original value at 2.5 years old, wholesale?
If you got an average discount your car sold for 77-78% of what you paid less tax.
I do not know what world that is horrible depreciation on a car.
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I bought the car in July 2015 and I paid $47,000 with tax and license. After the costs and fees are deducted for the auction, I will end up with about $31,500. That's a drop of almost exactly one-third in just a year and a half. That to me is serious depreciation. Have a great day!