In other words, after buying a new vehicle, what is the optimal time to own it before selling it?
Since cars depreciate in price over time (and miles) I'm trying to decide when the best time to sell is. For example, after six years? After 100,000 miles? etc. Obviously, this would not take into account the condition of the car.
2006-09-06 18:10:54 · 4 answers · asked by dullerd 2 in Cars & Transportation ➔ Buying & Selling
the general rule of thumb with any car in particular new is 3 years and 45000 miles....first 2 years depreciation is the nastiest.
2006-09-06 18:13:08 · answer #1 · answered by Johnny 7 · 0⤊ 0⤋
It depends on the brand of your car.. for BMW it could be 3 years, for RollsRoys - 10 years.. but if the car is good i'd rather not to change it unless it's broken or you are thick of it
2006-09-07 02:46:50 · answer #2 · answered by Ugi 2 · 0⤊ 0⤋
Kelly Blue Book. It is what auto dealers use.
2006-09-07 01:13:15 · answer #3 · answered by Chris 5 · 0⤊ 0⤋
The best answer is: visit http://www.kbb.com.
2006-09-07 01:13:35 · answer #4 · answered by An Unhappy Yahoo User 4 · 0⤊ 0⤋