So your deal was closer to $0.50/mile depreciation.
Originally Posted by BryanCO
What Ard said. Our 2011 msrp was mid 64's, bought it 9 months old (as new condition) with about 11k miles for a bit under 50k.
MSRP $64k - $10k (rebates/$500 over invoice) = $54k original purchase price
$54k - $5-6k ($0.50/mile) = $49-48k.
Is that fair?
Herbert - '12 X5 35d / Sapphire Black / Black Perf Nevada / Aluminum trim / ZPP / ZPS / ZCW / ZAV / Apps / 3rd row
Betty - '04 CTS-V / Black Raven / Black Leather & Suede / 6 speed LS6 combo 400 hp & 400 tq
Sterling - '06 Silverado HD / White / Grey Leather / LBZ Duramax - Allison 6 speed combo / Crew Cab Short Bed LT3