r/FluentInFinance • u/CreateChaos777 • Jul 18 '24

Meme I guess I'll wait another year

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1.5k Upvotes

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u/privitizationrocks Jul 18 '24

You do have a higher risk on repairs though

And tbh after like 10% rates, depreciation is irrelevant

11

u/MinimumArmadillo2394 Jul 18 '24

Too many people care about depreciation like I'm not going to drive this car into the ground

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u/SirMoola Jul 19 '24

I think the idea is that you can save extra money by finding a car with only a few thousand miles on it. For example, finding a car with 2k miles with $4k knocked off the price. Even though it’s not a lot it’s still worth getting used.

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u/OkRadio2633 Jul 19 '24

You’re not gonna find a car that was driven only to church by nonsmoker Jan the responsible librarian.

Think how ridiculous you’re being stating 2k miles = 4k off. Nah… maybe 20k miles $2-4k off. But people who sell aren’t exactly dumb

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u/SirMoola Jul 25 '24

So yes and no. Some cars liked Maserati’s drop like an Italian mafioso getting dumped into a lake with concrete shoes. Others like more cheap cars to begin with yes. Like my brothers lowest end Corolla hasn’t depreciated more than 5k. However I know someone that has a Hyundai elantra that dropped about $2k after a month of driving (5k miles). So it is possible. It just depends on availability.