Today's Question of the Day (for no particular reason) is what do you consider in acceptable amount of depreciation?
For example after you have owned your ride for 3 years and you sell it and lost 27% is that okay?
Or I have driven my car for 27k miles and lost $10k dollars?
Or is it some combination of both? Is there another factor?
(These were totally random numbers)
This excludes collectibles, summer cars, exotics, etc... aka cars that don't depreciate like a car you drive every day in all four seasons.
There is no right answer, so begin shitstorm!
Thanks for playing,
John
For example after you have owned your ride for 3 years and you sell it and lost 27% is that okay?
Or I have driven my car for 27k miles and lost $10k dollars?
Or is it some combination of both? Is there another factor?
(These were totally random numbers)
This excludes collectibles, summer cars, exotics, etc... aka cars that don't depreciate like a car you drive every day in all four seasons.
There is no right answer, so begin shitstorm!
Thanks for playing,
John