Posted on 12/18/2023 9:15:53 PM PST by SeekAndFind
My Yugo has to be one that list somewhere.
And the brand not on this list..... LEXUS.
It’s the brand name of the last four SUVs I have owned. And they hold their value quite well and reliable as hell. Not the most exciting things to drive, but very comfortable and quiet.
The luxury cars depreciate more quickly because buyers pay extra for their “newness”, and they ain’t new but for that first year.
The luxury cars depreciate more quickly because buyers pay extra for their “newness”, and they ain’t new but for that first year.
Notice that Mercedes isn’t on the list. Neither is Rolls Royce. Those cars, when new, are more than just new.
“Is there a Pickup Truck depreciation report?”
That would be interesting. In 2018 we bought a brand new F150. Paid $56,000 for it. A few months later I just couldn’t stand the thing, cussed every time I got in it, so decided to trade it in on a new Ram. The best they’d give was $38,000. I went to several dealers, including Chevy and that $38,000 is a general ball park figure given by most.
We still have the POS F150, I still cuss every time I get in it which ticks the wife off.
My Thai wife and I were looking to upgrade our Ford Escape to an Edge, we had about settled on the top of the line. As we left the Ford dealership I told her we should compare with Lincoln, same car but luxury.
So we went to the Lincoln dealership and looking at us they tried to put us in the basic Nautilus, I said no, I want the high end. Wow, what a difference. The Nautilus is way above the Edge. So we bought it, no regrets about getting the Lincoln over the same ford (for about $15K more).
The reason I highlighted “my Thai wife” was because she had no idea that Lincolns existed. They don’t sell Lincolns in Thailand.
So 3.5 years later our only regrets are that we didn’t special order and didn’t upgrade to the Aviator (Explorer).
My wife and I buy used vehicles: 3-5 years old and hang on to them for a long time. I let someone else suck up the depreciation.
You are fortunate about your Escape. Each of our kids bought one. All three have had lots of problems, the worst is two transmission failures and a cracked engine block. It’s now sitting at home ready for the junkyard.
Glad I kept my Maxwell
Jack Benny
My 2016 Honda Accord Sport is worth $12,000+ to $18,000+ when I did a recent search on used cars. I bought it in May 2019 for about $18,000 and now paid off. It has just under 50,000 miles now.
“Losing 20% of what was borderline acceptable range to begin with over 7 years is not great.”
Well he’s never once complained about the battery range of his Teslas but what would he know after only nine years of daily driving.
I have seven friends who own Teslas. Two are on their second Tesla. They charge them at night in their garages. When they drive distance to Vegas or San Diego they fast charge at a Tesla Supercharger. The only people I ever hear bitching about Teslas are people who don’t drive them.
People who buy EV’s are well-aware of the range limitations before making the purchase. So, it’s unsurprising that they don’t complain much about that which they’ve long accepted.
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