Quote:
Originally Posted by Weitz
The 1-2 year old car for 50% less is a myth these days IMO. While on the balance of TCO you may still be better off on a 1-2 year old car but you are right you are paying 70-80% of new value and I would guess its a lease return or rental.
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This varies wildly from vehicle to vehicle and perfectly highlights my point earlier that anyone buying a new(er) car would be well served to spend just a little bit of time researching the resale values of same-for-same vehicles that are 2-3 years older than the one(s) they're looking at.
There are plenty of cars that will depreciate nearly 50% in 2 years and there are plenty that will only drop 30% or less... That should all factor into the decision to buy, beyond the interest rates and payments.