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Topic	Cars are such a waste of money.
Monopoman 04/14/17 8:11:20 PM #14:	Doctor Foxx posted... For the fun of depreciation: I bought a used BMW that was maintained and had low mileage. It was 11 years old when I got it. Original sale value was 75-80K in 2002 dollars. I got it for 8K in 2013, which was just under the blue book value. That's more than 90% value lost in a decade. Vehicles do depreciate fast. Luxury cars even moreso. The market for luxury cars tends mostly towards people wanting brand new ones, so they depreciate very fast. <cite>Monopoman posted [p:877209923] in Cars are s... [t:75237205]...</cite> <quote><cite>Doctor Foxx posted...</cite> <quote>For the fun of depreciation: I bought a used BMW that was maintained and had low mileage. It was 11 years old when I got it. Original sale value was 75-80K in 2002 dollars. I got it for 8K in 2013, which was just under the blue book value. That's more than 90% value lost in a decade. Vehicles do depreciate fast. Luxury cars even moreso.</quote> The market for luxury cars tends mostly towards people wanting brand new ones, so they depreciate very fast.</quote> ... Copied to Clipboard!
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