This depreciation is depressing

10695 Views 31 Replies 29 Participants Last post by Bullyveldt, Jan 20, 2017

thyshallsmite

Discussion Starter · Jan 17, 2017

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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Steverino

· #21 · Jan 18, 2017

Keep driving it. No loss in value then.

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Steverino

· #26 · Jan 18, 2017

bluzer1 said:
Exactly, the "value" has only gone down if you need to cash in I get my money's worth by keeping my cars maintained and getting over 12-15 years from them.

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

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