Let's say I bought a 2008 Toyota RAV4 today, what year will it depreciate the most? after 1st year? 2nd year? 3rd?...
Thanks
2007-12-25 13:29:26 · 9 answers · asked by Dr. W 3 in Cars & Transportation ➔ Car Makes ➔ Toyota
As above, so get a used 2007 and let some sucker lose all the value for you. Best of luck.
2007-12-25 15:44:08 · answer #1 · answered by Game Show Wink 2 · 0⤊ 4⤋
When you first take delivery the value goes down the most. As soon as the car goes "over the curb" it becomes a used car and the value drops. You take almost as much depreciation again when the model year changes, and the car is considered a year older. The amount of depreciation at each model year change is less, but it still loses value each year!
The answer to your question is the first year is the biggest loss of value!
This assumes normal mileage. If you drive the vehicle 100,000 miles between the 2nd and 3rd year, the depreciation due to mileage may be higher than what you lose in the first year!
2007-12-25 14:10:14 · answer #2 · answered by fire4511 7 · 3⤊ 0⤋
the single which has the sticky label on the gas tank so which you would be able to stress interior the carpool lane and get the tax writeoff for. Or take it to Xhibit so he can pimp the holiday, get popular human beings to autograph it, and public sale it so it appreciates in value. How lots is the vehicle nicely worth after being on MTV with flatscreens and a action picture star using in it? Dude get this down or you will get ripped off later. that's what hoses human beings while it is composed of mastercard, because of the fact they don't pay interest to the pastime. extra money on your pocket, the fewer in theirs.
2016-12-11 12:48:26 · answer #3 · answered by finnen 4 · 0⤊ 0⤋
When you leave the lot is when it depreciate. Buying new, means spending more. Although if you got the money, whats the problem?
2007-12-25 13:37:39 · answer #4 · answered by fuslaski 2 · 3⤊ 1⤋
Its not necessarily a matter of years, but more so mileage and condition. You could have a three year old car with 100k miles on it, which would fetch a much lower price than the same car with only 30k miles. Also, a car that is all beat up, inside or out (or both) will not be worth as much as a car that's pristine inside and out.
2007-12-25 13:39:34 · answer #5 · answered by Scotty 2 · 1⤊ 3⤋
As soon as you drive it off the lot it depreciates by at least $5,000.
2007-12-25 13:37:00 · answer #6 · answered by Bill S 6 · 1⤊ 3⤋
the moment you drive off the lot, or when you sign the contract.
2007-12-25 13:32:50 · answer #7 · answered by friedach 6 · 3⤊ 2⤋
as soon as you look at it for the first time.
2007-12-25 13:38:39 · answer #8 · answered by Anonymous · 0⤊ 3⤋
1st.
2007-12-25 13:37:10 · answer #9 · answered by Iknowthisone 7 · 5⤊ 1⤋