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This depreciation is depressing

10666 Views 31 Replies 29 Participants Last post by  Bullyveldt
I've never owned a car thats falling this hard this fast, bought for under 20k used 2 years ago and now it's worth only 8k with only 20k more miles. I mean jeez, new German luxury cars don't depreciate that fast, it's really soul crushing to know i've still got a long while on my note before i have literally ANY equity in this car.

As a car enthusiast I usually buy used trade in every few years but this dang volt is worth so little that i doubt it will ever make sense to get rid of. Anyone else feel like buying a volt was a huge mistake? with gas prices as it is theres not really much savings to be had and due to the tech as it ages it will be impossible for anyone to work on but the dealership.

Also getting almost daily reduced propulsion error......dealership can't figure it out ><
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Same here. My 2011 is great. I see no reason to replace it. On the other hand, those who replace cars every few years are doing their part by taking a depreciation hit and making the car more affordable for the next person, a bit like a philanthropist :)
That was my thinking when I traded up from a base 2014 to a loaded 2017. I wanted the faster gen2, and I wanted to support GM's EV development effort but part of my justification was someone getting a good deal on my 2nd hand gen1.

Before the Volt, I typically bought late model used cars, and then kept them until ~100k miles or so. But I would like to think the Gen2 will fit my lifestyle needs for an efficient two person car for work and travel till it too has >100k miles.
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