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Old 09-18-2012, 01:55 PM   #8 (permalink)
Ryland
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Join Date: Jan 2008
Location: Western Wisconsin
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honda cb125 - '74 Honda CB 125 S1
90 day: 79.71 mpg (US)

green wedge - '81 Commuter Vehicles Inc. Commuti-Car

Blue VX - '93 Honda Civic VX
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How do you put 36,000 miles on a car in a year??? blue book value on a Chevy Volt with that many miles on it, in perfect shape is $29,700, retail price on a Volt is what, $41,000, then a $7,500 tax credit makes it $33,500, and some states have their own tax credit as well, then if it's part of a fleet then there might be other tax write offs that you can make and buying vehicles for a business lets you write off depreciation on the vehicle at an accelerated rate and with business vehicle expenses you also get a write off per mile so it really makes sense then to buy vehicles like this that have a low operating cost new and sell them while they still have peek value and you've written them off as being nearly used up even if you have to take a $5000 loss on selling them if it makes them move faster.

Also, compare it with a car like the Acura TSX, a $30,000 car new...I picked it because after tax credit it costs almost as much as a Volt and could otherwise be in the same class of car, the KBB value on the Acura is $23,200 for a 2011 model with 36,000 miles, so it lost $6,500 to $7000 in a year while the Volt lost $4000 according to KBB, of course as you have pointed out, there are parts of the country that some vehicles are selling for much much less! and in your area the volt has lost just over $7,000 in value in the last year.
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