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Yes, cars depreciate but their value depends on their condition. So you can tell me that a car garaged outside in the sun and rain will not deteriorate faster than one garaged? I calls bull$h!t to that. The paint and interior of a car that is not garaged will age, fade and oxidize much more.
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Any car I would drive depreciates on a saddle curve, down to the middle and then rising again over time, depending on the make and model. Last I checked my car's value (a year ago) it had risen $600 since it's purchase. And it's not even a bus!
But I'm a middle-of-the-roader. It's parked in a carport. If it was just washed — under a sheet of 4mm polyethylene.
The Bugatti in the lake:
https://www.hemmings.com/magazine/hs...a/3695551.html
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Suitably prepped, it sold for around $370,000 at the Bonhams auction at Retromobile in Paris in January 2010; the buyer was Peter Mullin, he of the Mullin Automotive Museum in Oxnard, California.
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