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Old 01-08-2015, 05:19 PM   #14 (permalink)
awcook
Beating EPA Unmodded
 
Join Date: Oct 2014
Location: Oklahoma City
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Blue Eagle - '10 Honda Civic LX
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That is pretty interesting Metro, but I don't think that people who buy new Corvettes really care about depreciation value or gas prices. They just want a sweet car with lots of power. Most people who buy the Mitsubishi know that their car is cheap and are more likely to sell it in the upcoming years.

I did a little bit of math for the Tesla Model S (~$132,000) and compared it to the Civic that I am driving now. Over time, the Civic will eventually catch up to the Tesla's value, but that will take more than 60 years. At 60 years, the Civic's total cost including depreciation would be about $97552 at 12,000 miles/year. The Tesla would be $139,450 at 15,000 miles/year.

The Corvette will likely cost more than the Tesla in 60 years because it uses gas. I included this to just say that people who buy supercars don't really care about the depreciation, they just want to have some fun.
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