So I'm just trying to figure out the sweet spot for cars and just doing some thinking. I had an oil change yesterday and was offered a chance to trade in my toyota minivan for what I thought was a lot of money and get a deal on new minivan. Slick. But I was just thinking I was offered like $15k in the mail from another dealership. Anyway we bought it in 2017 for $28k and it was regular price like $50k. So about a 40% depreciation hit in 2 years. Now 4 years later it's down another 50% from what we bought it from. And down 70% total depreciation. I'm curious what point is the real sweet spot for used cars?
Does it depend on the make and model? Or is there a better rule of thumb? Should I not have bought a 2 year old car and waited longer? But now things are starting to need work like brakes and more maintenance.
Does it depend on the make and model? Or is there a better rule of thumb? Should I not have bought a 2 year old car and waited longer? But now things are starting to need work like brakes and more maintenance.
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