Wondering if there are sites out there that graph the depreciation of new vehicles.
My G37S has dropped in value like a hot stone through snow and I bought mine used from a private party! I can only imagine the depreciation new from a stealership.
I buy pretty much everything used and often in a distressed condition, which allows me to improve it and sell for near or more than I purchased it for (I've done this with almost all previous vehicles.) So seeing the value of something I bought drop by almost half in only 3 years is a lesson in life to say the least. Education is expensive.
Buying a vehicle new seems to me an exercise in masochism.
Anyone know of a site that graphs depreciation on Infiniti?
Re: Anyone know of a site that graphs depreciation on Infiniti?
You are correct if you turn a car over every few years. Buying a vehicle new isn't a bad idea if you keep it long enough. Leasing a new car is the real waste of money, the only time that works is if you are able to deduct it from taxes because of business use. I buy new and keep between eight & twelve years. I get the benefit of the factory warranty and the accurate knowledge of how the car was maintained and used. Of course I also pay cash for the car when I buy it, no financing. That works out because the current return on that money, had I invested it, is less than the interest I would have had to pay on a car loan. Be smart with your money folks. Cars are never an investment. They are always a cost center.
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audtatious
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Re: Anyone know of a site that graphs depreciation on Infiniti?
There is stuff out there, you just have to do some searches
http://www.blackbook.com/wp-content/upl ... Report.pdf
http://www.blackbook.com/wp-content/upl ... Report.pdf
Re: Anyone know of a site that graphs depreciation on Infiniti?
Well that's another thing. I also bought this car cash.$tarter wrote: ↑Wed Apr 25, 2018 7:29 amYou are correct if you turn a car over every few years. Buying a vehicle new isn't a bad idea if you keep it long enough. Leasing a new car is the real waste of money, the only time that works is if you are able to deduct it from taxes because of business use. I buy new and keep between eight & twelve years. I get the benefit of the factory warranty and the accurate knowledge of how the car was maintained and used. Of course I also pay cash for the car when I buy it, no financing. That works out because the current return on that money, had I invested it, is less than the interest I would have had to pay on a car loan. Be smart with your money folks. Cars are never an investment. They are always a cost center.
I guess I'm just blown away by the absolute waste of money new-ish cars are. I can't imagine financing a new car at a poor rate, and then paying the minimum every month. Mind boggling how much money people throw away every month.
Lesson I learned.
Re: Anyone know of a site that graphs depreciation on Infiniti?
Wow, thank you! I love market reports like this!audtatious wrote: ↑Thu Apr 26, 2018 12:27 pmThere is stuff out there, you just have to do some searches
http://www.blackbook.com/wp-content/upl ... Report.pdf
8.4% loss on 2011 vehicles. I want to be making 8.4% on my money!
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DurableOilAMSOIL
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Re: Anyone know of a site that graphs depreciation on Infiniti?
Awesome report! Did you sign up fir the Black Book membership in order to get it?audtatious wrote: ↑Thu Apr 26, 2018 12:27 pmThere is stuff out there, you just have to do some searches
http://www.blackbook.com/wp-content/upl ... Report.pdf
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