I need to vent...

[Mikem53]

Thats why its cheaper to keep her..
Thats when you see the low cost of ownership.

[Canadian Greg]

I'm also 51, and this car has given me more thrills than the dozens I have driven previously. I plan on keeping it for 20 years so it's a wise investment if looked after. If I don't live that long, at least I will be having fun along the way.

[Kostamojen]

Sounds like you paid too much in the first place.

According to NADA, my 2013 BRZ premium only dropped $3k in value (trade-in, retail is only $1000) since I purchased it.

Those who paid MSRP or more and had lots of options and higher trim levels will take the biggest hits in depreciation on ANY car. The fact these cars are two years old now and are still worth over $20k used is pretty amazing to me.

[Demandred7]

Cars are a sinkhole for money. While being usually a horrible investment, they are just so much fun. Unfortunately, you have to pay to play. It is the harsh reality of it.

[jadewbj]

Most cars drop 30% the moment you drive it off the lot. There are a few rare cars out there that do better but not a ton.

[fistpoint]

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.

That's actually pretty bad. When my '00 Civic Si was stolen it was 3 years and 3 months old, had 67k miles and stickered for $18k. I got a little over $15k from the insurance company and that was after being rated in average condition since the car was torched, and had a very high mileage penalty.

By comparison, it held its value by more than 100% more than the numbers you've shown for your twin.

[Dadhawk]

Could be worse....

....the 2013 Porsche Panamera, with an MSRP of $80,450. According to IntelliChoice, the Porsche Panamera loses $41,988 of its value in five years and has a complete cost of ownership of $84,293 after five years.

http://www.foxbusiness.com/personal-...se-value-fast/

[HyperTech]

welcome to the real world op.

[Accurate Race Shop]

Originally Posted by 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.

I'm in real estate and you would be better off flipping cars than houses right now. Houses depreciate just like everything else.

Sent from my Q10

[86-tundra]

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

least depreciated should not include collector cars.. that's stupid.

actually, the whole article sucks. What are the metrics to which this is held by? Saying an R8 has 0% deprecation means nothing. If my R8 had 40k miles on it, I sure as hell bet it doesn't have 0% deprecation

[86-tundra]

Originally Posted by Accurate Race Shop

I'm in real estate and you would be better off flipping cars than houses right now. Houses depreciate just like everything else.

Sent from my Q10

I think you should move to Texas.

[Wolfking]

"Welcome to the Real!"

[civicdrivr]

Originally Posted by fistpoint

That's actually pretty bad. When my '00 Civic Si was stolen it was 3 years and 3 months old, had 67k miles and stickered for $18k. I got a little over $15k from the insurance company and that was after being rated in average condition since the car was torched, and had a very high mileage penalty.

By comparison, it held its value by more than 100% more than the numbers you've shown for your twin.

Insurance payouts are a funny thing. My friend had a 94 Miata that got t-boned. The car was beat up to begin with but he got $7k from insurance for it. It blue-booked at ~$2500.