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To: Tell It Right

Yep. It happens immediately. It’s why I only buy used cars. Cars are a depreciating asset.

4 posted on 12/18/2023 10:20:25 AM PST by AppyPappy (Biden told Al Roker "America is back". Unfortunately, he meant back to the 1970's)

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To: AppyPappy

It only happens immediately if you have a small’ish downpayment - but it is true that the second you drive it off the lot it probably loses 20% in value -

I drive a 11 year old toyota tundra, which I bought new - hoping to get another 10 years out of it if I can. NO desire to ever buy another new car or truck.

7 posted on 12/18/2023 10:25:12 AM PST by qwerty1234

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To: AppyPappy

Roger that. We owe nothing on our 18 year old vehicles.

15 posted on 12/18/2023 10:33:48 AM PST by Noumenon (You're not voting your way out of this. KTF)

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To: AppyPappy

I just bought a VERY nice ‘03 Chrysler 300M. $6k, 90k miles, It’s like new.

51 posted on 12/18/2023 5:00:20 PM PST by JohnnyP (Thinking is hard work (I stole that from Rush).)

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