I need to vent...

[tahdizzle]

Originally Posted by BlaineWasHere

Well as soon as inflation out paces new car depreciation new cars will be an investment! Bound to happen, right?

You aint just whistling dixie!

[charged86]

Originally Posted by civicdrivr

If you like to trade cars in every two years, buying them outright is not the right method for you.

With that said, I'm actually content with my value. 43k miles and worth just shy of $17k. On a two year old, "high mileage" $24k car (when new), that's pretty good in my book.

exactly please lease

[djmm]

Just think about it as contribution to America. Without people buying new cars and selling them in a year or two, where would those second hand cars buyer get their cars from?
You've done good for your country.

[ZionsWrath]

Originally Posted by mackdaddytran

lol@this thread. Car is going to depreciate no matter what, these cars still hold their value better than most things out there.

At 30k miles, kbb says my car is still worth 23k if I sold private party

This isn't a Toyota Skyline Type-R forum~!

[ntron1]

<<<< Trolling...

[jblmr2]

OP, your first new car? I appreciate your pain, but take it from an old fool whose spent way to much on new cars and lost way to much in depreciation. Car's are not investments!!!! These cars are FUN! How much is fun worth?


If your really concerned about your PAPER LOSS, drive your car until the wheels fall off then sell it to a scrap dealer. That's the only way you can minimize your loss.

[oldpueblo]

Yeah cars are not investments. How you pay for them should be based on how long you plan on keeping them. Buy new only if you plan on holding onto them for a long long time.

[B-R-Z]

Glad I have no plans on ever selling mine, but I hear you I've been in your shoes in the past.

[Autocon]

You lose 15% of a new cars value as soon as you drive it off the lot.

This is a fact my mom drilled into my head from the moment she bought me my first used car when I was 16 until now when I was able to buy my very first new car, my FRS.

A car isnt a house, its never going to go up in value or stay near the value you bought it (unless its some super rare car). Its going to lose 10 to 20% each year. Your car is not an investment, you shouldn't treat it as one. Its a tool to get from point A to point B and have a ton of fun driving randomly around until you wind up at point C. Property is an investment and if your looking to make money on resale, you should look to the housing market.

[P86RAVES]

Not all cars lose value so fast; you know, that whole "resell value" thing.

For example, a new WRX will cost you less than a used one from last year. Those cars just don't depreciate much.

A $100K AMG Merc from 2003, you can get one for around $20k now if I'm not mistaken.

While the circle jerk ensuing is fun, it can realistically be expected certain cars values will not fall as much as they do. Perhaps getting car made by Subaru and Toyota, two brands with very good resell value, led OP to believe this.

Relative links:

Least depreciated: http://jalopnik.com/the-ten-least-de...ears-215315708

Most depreciated: http://jalopnik.com/5982789/the-most...past-ten-years

[strat61caster]

Originally Posted by P86RAVES

Not all cars lose value so fast; you know, that whole "resell value" thing.

If you take the link I posted this car seems to be hitting slightly above the average depreciation curve.

http://www.edmunds.com/car-buying/ho...fographic.html

I'm at 18 months which according to their chart is 75% value, calculating based off of a $25k price point that says my car is worth $18.75k, looking around that may be my best offer from a dealership trade in but private party I don't think I'd have any trouble selling it for ~$20k, more if I went though the next big service and did all the fluid flushes and put good tires on it and had a bit of patience.

Yes it's a bit of a shock for someone who hasn't stepped through the math before (how did you get a car without that kind of foresight?), is a first time buyer or expected typical Toyota econo-box levels of depreciation from light usage, but it ain't exactly a BMW like in your link.

[NoobTron]

You could hold on to it for like 25 years, then it will be a "classic" and you can make you money back.

[Tromatic]

Maybe the value would be higher if there were not 40 different versions of the car. ETA: Better sell it now, before the 16 turbo-convertable-Gazoo race car hits the dealerships.

[Iam-Naimless]

Originally Posted by P86RAVES

Not all cars lose value so fast; you know, that whole "resell value" thing.

For example, a new WRX will cost you less than a used one from last year. Those cars just don't depreciate much.

A $100K AMG Merc from 2003, you can get one for around $20k now if I'm not mistaken.

While the circle jerk ensuing is fun, it can realistically be expected certain cars values will not fall as much as they do. Perhaps getting car made by Subaru and Toyota, two brands with very good resell value, led OP to believe this.

Relative links:

Least depreciated: http://jalopnik.com/the-ten-least-de...ears-215315708

Most depreciated: http://jalopnik.com/5982789/the-most...past-ten-years

Thanks for a constructive and mature post. I guess I am just a little new to it all. I did expect a lot in value retention buying a Toyota.