Quote:
Originally posted by Porsche-O-Phile
Depreciation on vehicles has gotten ridiculous.
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You ain't kiddin'...
My sister is thinking about getting a new car. However, to trade up 4 years and 38,000 miles (only!) on her domestic car is an absolute joke. These dealers won't discount much and her trade is worth essentially nothing.
Does everyone just buy on monthly payment alone and no one is paying attention to the true numbers of what it costs to trade up on a car? These dealers (of all makes) must be making a mint because 90% of the dealers (domestic AND foreign) around me are building beautiful new buildings with shiny new showrooms. That all costs money, so they must be making money hand over fist...