<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by HummerJim:
Edmunds.com states that driving a car off the showroom floor reduces its value by 16% and they give values of 20% for SUVs and light trucks. So if you paid 40K it's worth 32K when you pull it into the driveway. That really hasn't changed much in the last 50 years unless you are driving a low production volume, high cost vehicle - but there are exceptions to everything -- the ZR1?
"Cars and SUVs depreciate at the most rapid rate in the first 15 days of ownership, the only current exception to this rule are hybrids in the western US, which are actually going up in value in many locations." Edmunds </div></BLOCKQUOTE>
True, but taxes, plates, title, and other fees are not considered in the depreciation.
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Black Sheep Hummer Squadron
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