Roxanne Appleby
Masterpiece
- Joined
- Aug 21, 2005
- Posts
- 11,231
Why one should not buy a new car, but instead a slightly used one.
From cars.com, "cost of ownership." It varies by vehicle. This is for a Chrysler Pacifica that sells for around $28,000 new.
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation $11,905 $1,635 $1,590 $1,544 $1,544 $18,218
Note the key piece of information: the car loses nearly $12,000 in the first year.
Here's a Toyota Highlander that sells for around the same. The decline is less, but you still get socked.
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation $7,209 $1,824 $1,594 $1,562 $1,547 $13,736
From cars.com, "cost of ownership." It varies by vehicle. This is for a Chrysler Pacifica that sells for around $28,000 new.
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation $11,905 $1,635 $1,590 $1,544 $1,544 $18,218
Note the key piece of information: the car loses nearly $12,000 in the first year.
Here's a Toyota Highlander that sells for around the same. The decline is less, but you still get socked.
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation $7,209 $1,824 $1,594 $1,562 $1,547 $13,736
I think if I had unlimited funds, I would be in a LOT of trouble.


