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Some staggering facts about new car depreciation...

Ol Smoke

By Ol Smoke
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Ol Smoke Newbie

Ol Smoke

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One of the reasons that Honda holds it's resale value so long is because they don't sell to major car rental companies.

But almost every other car manufacturer does.  Here below is a link to see how decimated you will be if you buy

one of these cars and finance it for 5 years.  Take the sale price listed first and subtract the depreciation price and

you get the value of the car in 5 years.  Do you like the new Impala?  You might not after you see this.

 

 

http://www.foxbusiness.com/personal-finance/2013/04/03/depreciation-5-car-models-that-lose-value-fast/?intcmp=featuredmedia

 

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