I got bored at an airport terminal and bought the "Intellichoice Used Car Buyers Guide". My life was changed forever...
Intellichoice.com
Basically, it outlined the depreciation of vehicles over the last 5 years. ALL but 2 models depreciated drastically in the first year (In this case, the Mini Cooper and BMW 3-series appreciated in the first year, but took a nose dive thereafter).
The advice? Buy at least a 3-year old vehicle to avoid hassles of depreciation, but remember not fall victim to high miles and older models (unless you're a good wrencher).
I love my payment-free, 10-year old 'Teg. The money saved, goes to -- umm, well, my wife's new TSX
It was her turn to get the new car, and I'm driving her car she bought new in '97. Works out, right? Maybe
My next car will be used. That's for sure.
RH77