Quote:
Originally Posted by MetroMPG
You mean Mirage buyers have different priorities than Vette buyers!? 
Kidding!
I just posted that to show that the "%" comparison is problematic. The authors put together a list about the financial implications of various car choices. Yet the "best" car actually costs the owner more in depreciation in real terms than the "worst" one. |
This is a misconception that I find myself tackling on a regular basis when asked for advice by buyers. People will go: "I'm buying
X, because that's a
(Amazingly good resale brand), and that'll get me more money when I sell it later on."
To which I reply: "You do know that with the price of that thing, you're still losing the same amount in depreciation versus
Y (much cheaper, basic and reliable non-
(Amazingly good resale brand))?"