View Single Post
  #17  
Old 01-30-2013, 06:41 AM
UncleJ UncleJ is offline
Officially Welcomed to the 'Fest
Location: Silicon Valley
 
Join Date: May 2006
Posts: 6,526
Mein Auto: '06 X3
Wally and Spoke I am properly chastised. You, of course, are right -- that depreciation does in fact flatten out. At some point it just stays the same -- and in the case of some cars -- actually starts back up (anyone tried to buy a '57 Chev convert recently?) but that takes years. My misguided direction was simply the attempt to point out that as a "trade in" the car reaches a point when it is no longer attractive to a dealer to take it in -- hence the reference to charity donation. I still believe that in the case of a new family with an infant the most dependable safest car is the one to have. While the older X3 is certainly safe, it will be subject to problems and require (expensive) repairs "down the road". Hence my suggestion that a new car (with all its attendant improvements) is a better solution than trying to hang on to the old one. Thank you both for pointing out my shortcomings. Mea Culpa!
Reply With Quote