Quote:
Originally Posted by LesBaer
I think that's wishful thinking on the 5% each year. You won't see 5% rates of depreciation until right before the car is fully depreciated.
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Really wishful thinking actually. A car drops about 10% off the lot, and then about 10% a year afterwards. A 4 year old car only has about 50% of it's value. A 5% drop in depreciation doesn't happen until year 7 or 8.