Quote:
Originally Posted by Derek Sutton
As I said earlier values vary depending on market. Trucks are currently carrying value very well as the US market has inflated the prices. Also you can’t compare trade in value (depreciated price) to retail price of the Used one. I used theses numbers as they are accurate comparables, it’s what I do every day. Really should you own the truck for 5 or more years the depreciation can be looked at as irrelevant, and to a lot of consumers it is! Other then property, the depreciation in everything we own is sickening, from electronics to clothes to home furnishings, you name it and it’s far worse on those items then it is on a truck. That $3500 sofa set you bought 5 years ago??? $250.
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How is depreciation irrelevant? It is roughly 50% of the cost of ownership. I agree with you that depreciation is ridiculous therefore most things should be bought used.
Fair enough on the numbers I was basing it on your depreciation included in your post missing that trucks are a lower depreciation category. The first year cost of ownership for depreciation then is about 10k vs 6k