To: LilyBean
The basic premise of "depreciation" does not really apply to a vehicle, since very few vehicles are purchased as an investment.
A vehicle "depreciates" in the same way a Big Mac depreciates . . . it loses its value as you use it.
If you are like me and you keep your cars until they fall apart, it doesn't matter if a new vehicle loses 20% of its value as soon as you drive it off the lot, 40% of its value in the first year, or 100% of its value in the first 100 miles you drive it. If you keep it until it falls apart, there's an inherent expectation that it will be worthless by the time you are finished with it.
67 posted on
04/05/2005 1:47:57 PM PDT by
Alberta's Child
(I ain't got a dime, but what I got is mine. I ain't rich, but lord I'm free.)
To: Alberta's Child
You hit it on the button. Cars are no different then the carpet in your house. The better you take care of it the longer your going to get to use it. Either way, when you're done with it, it is worth nothing.
78 posted on
04/05/2005 2:08:44 PM PDT by
downtoliberalism
("A coalition partner must do more than just express sympathy, a coalition partner must perform,")
To: Alberta's Child
A vehicle "depreciates" in the same way a Big Mac depreciates . . . it loses its value as you use it. That is a great line! May I use it?
89 posted on
04/05/2005 7:37:51 PM PDT by
RebelBanker
(To crush your enemies, see them driven before you, and to hear the lamentation of the women!)
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