Purchase price (2008) = $136,888
Resell car 2013 (after 5 years) for $70k (49% loss)
Total loss (after 5 years) = $136,888 (what you paid for) - $70,000 (what you get) = $66,888
Toyota Camry 2.0L
Purchase price (2008) = $154,990
Resell car 2013 (after 5 years) for $100k (35% loss)
Total loss (after 5 years) = $154,800 (what you paid for) - $100,000 (what you get) = $54,800
If you bought both the car by "cash", it obviously show which car has good resale value.
Off course you may argue that no one buying car by cash but to the matter of fact it does happened.
Mar 8 2013, 10:09 AM
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