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In everyone’s analysis the one factor which fails to be considered is the intrinsic value people place on having the thing when and how that particular person wants it. For some, the depreciation of driving a new car off the lot is lower than the enjoyment that person receives from driving that same new car off the lot or the depreciation is lower than the enjoyment that person receives from driving that car around today and not tomorrow.
For me, the enjoyment and peace of mind driving a new car these past 2 months was well worth the $15,000 or so decline in value. If it wasn’t, than I would have purchased a used car. Each person is different and each person places a value on these enjoyments differently. So while my decision to purchase a new ZL1 and drive it off the lot thereby suffering the “depreciation” may seem foolish or illogical to some for me it was well worth it.
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